UPDATE: Morgan Stanley Downgrades Dresser-Rand Group as Profits Slide

In a report published Wednesday, Morgan Stanley analyst Ole Slorer downgraded the rating on Dresser-Rand Group (NYSE: DRC ) from Overweight to Equal-Weight, and lowered the price target from $68.00 to $57.00. In the report, Morgan Stanley noted, “Reduced spending on government sponsored ‘green' projects to impact environmental business. While