Gardner Denver (GDI -1.8%) is downgraded to Hold from Buy at KeyBanc, reflecting a more cautious...

|About: Gardner Denver Inc. (GDI)|By:, SA News Editor

Gardner Denver (GDI -1.8%) is downgraded to Hold from Buy at KeyBanc, reflecting a more cautious view of the drilling pump landscape as well as broader slowing in its industrial businesses globally. The firm sees shares as range-bound until GDI works through its CEO transition and management turnover issues.