Commercial Vehicle Group (CVGI) is Downgraded by Seaport Global Securities to Neutral, Price Target at $5

Commercial Vehicle Group (CVGI) was Downgraded by Seaport Global Securities to ” Neutral” and the brokerage firm has set the Price Target at $5. Earlier the firm had a rating of “Buy ” on the company shares. Seaport Global Securities advised their investors in a research report released on Jul 6, 2016.

Many Wall Street Analysts have commented on Commercial Vehicle Group. Company shares were Upgraded by Seaport Global Securities on May 17, 2016 to ” Buy”, Firm has raised the Price Target to $ 5 from a previous price target of $3 .

Commercial Vehicle Group closed down -0.23 points or -4.40% at $5 with 5,26,859 shares getting traded on Tuesday. Post opening the session at $5.13, the shares hit an intraday low of $4.89 and an intraday high of $5.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Commercial Vehicle Group Inc. (CVG) is a supplier of a range of cab related products and systems for the global commercial vehicle market including the medium-and heavy-duty truck (MD/HD Truck) market the medium-and heavy-construction vehicle market and the military bus agriculture specialty transportation mining industrial equipment and off-road recreational markets. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells seats and seating systems; trim systems and components; cab structures sleeper boxes body panels and structural components and mirrors wipers and controls. The GCA Segment offers electronic wire harnesses and panel assemblies; seats and seating systems; office seating and wipers systems.

Commercial Vehicle Group

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