Gabelli & Company Maintain Federal-Mogul Buy (FDML)

Gabelli & Company maintained its Federal-Mogul FDML Buy rating in a research report published today. In the report, Gabelli & Company states, "FDML's push into mid-tier and private label aftermarket products could accelerate via acquisition. The company has traditionally looked to acquire OE technology it could lever on a global basis; with $1.1 bn in cash, this is a logical step to stem some margin deterioration." Shares of Federal-Mogul were trading at $19.58 at the time of posting, down 1.51% from Wednesday's market close.