Raymond James Cuts MTC Technologies to 'Market Perform'
CEO Mike Solley will resign in October, which analyst John Mahoney thinks investors will view as a negative event
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Raymond James cut MTC Technologies (MTCT ) to market perform.
CEO Mike Solley will resign on Oct. 3, 2003. Analyst John Mahoney says he downgraded the information-technology services company from strong buy on the belief this type of management turmoil will be viewed negatively by investors. He says David Gutridge, who fills the CEO void, is a very capable, forthright, and conservative manager.