Zacks Investment Research downgraded shares of ALAMO GROUP INC (ALG) from OUTPERFORM to NEUTRAL on October 07, 2013, with a target price of $52.00.
Alamo Group Inc. is a leading manufacturer of high quality equipment for right-of-way maintenance and agriculture. Their products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, agricultural implements and related after market parts and services. They emphasize high quality, cost efficient products for their customers and strive to develop and market innovative products while constantly monitoring and containing their manufacturing and overhead costs.
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