Federal Signal slips 9% on analyst downgrade
Federal Signal Corporation (NYSE:FSS) is falling nearly 9% today after analysts at BMO Capital Markets downgraded the stock ahead of today’s opening to “underperform” from “market perform.” The Oak Brook, Ill.-based company works with municipal, governmental and industrial customers on products that ranging from safety and security systems to street sweepers. BMO Capital said Federal Signal could be impacted by the tightening of U.S. municipal budgets.
Shares of Federal Signal are at $11.93 at 2:50 p.m. ET, down $1.23 from Tuesday’s close.
For detailed price information and recent news stories about Federal Signal Corporation, click FSS.
