GORMAN RUPP CO (GRC) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of GORMAN RUPP CO (GRC) from NEUTRAL to UNDERPERFORM on August 01, 2012, with a target price of $26.40.

The Gorman-Rupp Company designs, manufactures and sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agricultural, fire protection, military and other liquid-handling applications.

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