Schaeffler (SCFLF) Downgraded by JPMorgan Chase & Co. to Underweight
JPMorgan Chase & Co. downgraded shares of Schaeffler (OTCMKTS:SCFLF) from a neutral rating to an underweight rating in a research report sent to investors on Wednesday morning, The Fly reports.
Separately, Zacks Investment Research upgraded Schaeffler from a sell rating to a hold rating in a report on Tuesday, September 18th.
SCFLF stock opened at $12.30 on Wednesday. Schaeffler has a 1 year low of $12.55 and a 1 year high of $13.62.
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries worldwide. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, and synchronizing and gearshift components.
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