Colfax downgraded to sector perform from outperform at RBC Capital

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Colfax earnings fall, adjusted profit tops view

Colfax Corp. CFX on Tuesday said fourth-quarter profit fell 65% on the back of higher costs. The Annapolis Junction, Maryland-based industrial manufacturer earned a quarterly profit of $13.3 million, or 10 cents a diluted share, compared with $37.8 million, or 31 cents, for the same period the prior year.

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