First Albany Downgrades Intermagnetics General

Analyst Sanjay Shrestha says the downgrade is based on the company's muted outlook for earnings growth in the near term

Intermagnetics General (IMGC ) shares fell after the company reaffirmed fiscal year 2003 expectations. It still expects fiscal year 2004 EPS growth despite an anticipated drop in first-quarter MRI magnet deliveries. First Albany downgraded the stock to neutral from buy on the news.

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