(Reuters) - Baird upgraded the stock to "outperform" from "neutral" and raised the price target to $20, saying the partial sale of Fasco motors will significantly reduce Tecumseh's debt.
The brokerage added that the company's cash position should be bolstered further upon the likely sale of the engines business and the liquidation of one pension plan.
Read more at Reuters.com Hot Stocks News
The brokerage added that the company's cash position should be bolstered further upon the likely sale of the engines business and the liquidation of one pension plan.
Read more at Reuters.com Hot Stocks News
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