JPMorgan Chase & Co. Downgrades Schaeffler (OTCMKTS:SCFLF) to Underweight

JPMorgan Chase & Co. lowered shares of Schaeffler (OTCMKTS:SCFLF) from a neutral rating to an underweight rating in a research note published on Wednesday, October 31st, The Fly reports.

Separately, Zacks Investment Research upgraded Schaeffler from a sell rating to a hold rating in a report on Tuesday, September 18th.

OTCMKTS SCFLF traded up $0.05 on Wednesday, reaching $8.85. 1,000 shares of the company were exchanged, compared to its average volume of 102. Schaeffler has a fifty-two week low of $8.80 and a fifty-two week high of $13.62.

Schaeffler Company Profile

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.

Further Reading: Fiduciary

The Fly

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