IMI (IMIAY) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of IMI (OTCMKTS:IMIAY) from a buy rating to a hold rating in a report issued on Friday.

According to Zacks, “IMI PLC is an engineering company. It provides designs, manufactures and services for engineered products which control the movement of fluids. The company primarily serves energy, transportation and infrastructure sector. IMI PLC is headquartered in Birmingham, the United Kingdom. “

A number of other brokerages have also issued reports on IMIAY. Bank of America reaffirmed a neutral rating on shares of IMI in a research report on Tuesday, January 9th. Societe Generale raised IMI from a hold rating to a buy rating in a research report on Tuesday, January 9th. Finally, BNP Paribas lowered IMI from an outperform rating to a neutral rating in a research report on Tuesday, February 6th.

IMI (IMIAY) opened at $25.01 on Friday. IMI has a 52-week low of $22.34 and a 52-week high of $33.15.

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