Zacks Investment Research downgraded shares of APPLD INDL TECH (AIT) from OUTPERFORM to NEUTRAL on October 15, 2012, with a target price of $47.10.
Applied Industrial Technologies is one of North America's leading distributors of bearings, linear technologies, power transmission components, rubber products, specialty maintenance items and electrical/mechanical and fluid power products and systems to the MRO (maintenance and repair operations) and OEM (original equipment manufacturer) markets. The company offers products to a broad cross-section of U.S. industries.
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