Home Market News Stifel Nicolaus Downgrades Forbo (OTCMKTS:FBOHY) to Hold

Stifel Nicolaus Downgrades Forbo (OTCMKTS:FBOHY) to Hold

by MarketBeat News

Forbo (OTCMKTS:FBOHY – Get Rating) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Forbo Stock Performance

FBOHY stock opened at $38.86 on Tuesday. Forbo has a 1 year low of $38.86 and a 1 year high of $41.16. The stock has a 50-day simple moving average of $38.86 and a 200-day simple moving average of $38.86.

Forbo Company Profile

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Forbo Holding AG produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Switzerland and internationally. The company operates through two divisions, Flooring Systems and Movement Systems. The Flooring Systems division develops, produces, and sells linoleum, vinyl floorings, entrance flooring systems, carpet tiles, needle felt floor coverings, washable textile floorings, and building and construction adhesives, as well as various accessory products for laying, processing, cleaning, and care of flooring.

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