UPDATE: Oppenheimer Downgrades LMI Aerospace on Disappointing 2Q13 Results
August 09, 2013 at 08:27 AM EDT
In a report published on Thursday, Oppenheimer analyst Yair Reiner downgraded LMI Aerospace (NASDAQ: LMIA ) from Outperform to Perform and removed the previous price target of $25 on the company. In the report, Oppenheimer stated, "The disappointing 2Q13 results (the latest in a series) have forced us to reevaluate LMIA's