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Shares Of Cascade Sink On Disappointing 1Q Results
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CAE
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WASHINGTON (AP) — Shares of Cascade Corp. sank Friday after two Wall Street analysts downgraded the company following a disappointing fiscal first-quarter report.
Shares of the Portland, Ore.-based company, which makes forklift attachments and other loading gear, fell $5.22, or 17.4 percent, to $24.85 in afternoon trading. The company's stock has traded between $12.81 and $53.76 over the last 52 weeks.
Rodman & Renshaw analyst Joe Giamichael lowered his rating from "Market Perform" to "Market Underperform." ...
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