Schaeffler AG (OTCMKTS:SCFLF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Schaeffler AG engages as a supplier to the automotive and industrial sectors. It provides rolling bearing and plain bearing solutions and linear and direct drive technology. The company’s operating segment consists of Automotive and Industrial segments. Automotive segment provides product and service business with customers in the automotive sector. Industrial segment offers product and service business with manufacturers of investment goods. Schaeffler AG is headquartered in Herzogenaurach, Germany. “

Shares of Schaeffler AG (OTCMKTS:SCFLF) opened at $16.20 on Wednesday. Schaeffler AG has a 52 week low of $12.50 and a 52 week high of $17.34.

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