DA Davidson downgraded Columbus McKinnon (CMCO) to Neutral from Buy with a $35 price target after the company reported fiscal Q3 sales, EBITDA

Shares of Columbus McKinnon (NASDAQ:CMCO) are trading over 20% down premarket on Tuesday after the company missed Wall Street expectations for its third quarter results. Brokerage D.A. Davidson downgraded the stock to Neutral from Buy,

Gerard G. Colella, a director at Columbus McKinnon Corp (NASDAQ:CMCO), a $594 million industrial machinery company, recently purchased 5,500 shares of the company's common stock. The acquisition was made on February 13,