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Baird Downgrades 5 Machinery Companies Citing The Russia-Ukraine War’s Impact

Baird analyst Mircea Dobre downgraded five Machinery companies, citing the Russia and Ukraine war's impact on input costs. According to Dobre, the impact of the Russia-Ukraine war on input costs, notably steel prices, is likely to reduce or even eliminate the positive margin setup previously expected in the second half of 2022 for machinery companies.

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