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Citigroup Initiates AutoLiv At Buy
Wednesday, March 23, 2011 - 6:41am | 20Citigroup has initiated coverage on AutoLiv (NYSE: ALV) with a Buy rating.
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Citigroup Initiates ALV With Buy
Wednesday, March 23, 2011 - 5:56am | 41Analysts at Citigroup initiate coverage of Autoliv Inc (NYSE: ALV) with a “buy” rating. ALV shares fell 3% to close at $71.11 yesterday. More Analyst Ratings here
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Calls Purchased on ArvinMeritor, Inc. (ARM)
Tuesday, March 22, 2011 - 1:47pm | 124Shares of ArvinMeritor, Inc. (NYSE: ARM) are lower on the session by 1.31%, currently trading at $18.51. The stock has been moving largely lower over the past four months and is currently consolidating between the 50-day and 200-day moving average. Options traders are buying calls on the name...
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China Automotive Systems Provides Update on Electric Power Steering Outlook for 2011
Tuesday, March 22, 2011 - 10:06am | 197China Automotive Systems, Inc. (Nasdaq: CAAS) today announced that its subsidiary, Wuhan Jielong Power Steering Co. Ltd., is receiving growing interest in its electric power steering systems in the large Chinese automotive market. For 2010, sales of the Company's EPS products reached approximately...
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Goldman Sachs Comments On Federal-Mogul Price Target Increase
Tuesday, March 22, 2011 - 7:56am | 115In a report published by Goldman Sachs, Federal-Mogul Corp. (NASDAQ: FDML) price target is increased on M&Aprobability. Goldman Sachs said that on Friday, Federal-Mogul announced that it is evaluating strategic alternatives to enhance shareholder value. “No further details were provided but...
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Wall Street Strategies Comments On Magna International; Reiterates Buy
Tuesday, March 22, 2011 - 7:18am | 184Wall Street Strategies Comments On Magna International; Reiterates Buy After Magna International (NYSE: MGA) released its operating results in late February, Wall Street Strategies first reiterated its Buy rating and $75 PT. After the release, the stock was hit hard as the company missed...
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China Automotive Systems Plunging 65 (CAAS)
Monday, March 21, 2011 - 3:16pm | 35China Automotive Systems, Inc. (NASDAQ: CAAS) shares just started plunging, and are now down almost 6%. Almost 200,000 shares have traded today, which is above the average daily volume.
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Johnson Controls Accelerates Despite Supply Chain Disruption, Sterne Agee Maintains Buy
Monday, March 21, 2011 - 8:56am | 243Sterne Agee has published a research report on Johnson Controls, Inc. (NYSE: JCI) following concerns over the global auto supply chain. In the report, Sterne Agee writes "We believe Johnson Controls is uniquely positioned to significantly advance global energy efficiency through building retrofits...
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China Automotive Systems Receives Letter from NASDAQ
Friday, March 18, 2011 - 4:05pm | 83China Automotive Systems, Inc. (Nasdaq: CAAS) today announced that, as expected, it received a notification letter from the NASDAQ Stock Market indicating that the Company was not in compliance with the continued listing requirements under NASDAQ Listing Rule 5250(c)(1), which requires the timely...
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Quantum Technologies Reports Q3 EPS of $0.42
Friday, March 18, 2011 - 4:01pm | 53Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today reported its results for the third quarter of fiscal 2011 Revenues increased $3.1 million, or 207%, from $1.5 million in the third quarter of fiscal 2010 to $4.6 million in the third quarter of fiscal 2011 EPS $0.42
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Options Brief: TRW Automotive Holdings Corp. (TRW)
Friday, March 18, 2011 - 12:01pm | 82Shares of TRW Automotive Holdings Corp. (NYSE: TRW) are lower on the session by 0.38%, trading at $52.94. Overall put volume is now running at 5.14x the daily average, with 1% of all puts traded being purchases on the offer. 2,706 contracts have traded on the session so far. TRW Automotive...
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Quantum Schedules Fiscal 2011 Third Quarter Financial Results Conference Call
Friday, March 18, 2011 - 9:34am | 44Quantum Fuel Systems Technologies Worldwide, Inc., (NASDAQ: QTWW) will hold a conference call to announce its Fiscal 2011 Third Quarter financial results. The call will be held on March 18, 2011 at 1:30 p.m. Pacific Time.
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Jefferies Initiates AXL At Hold, $14 PT
Friday, March 18, 2011 - 8:27am | 31Jefferies is initiating American Axle & Manufacturing (NYSE: AXL) at Hold with a $14 PT. American Axle & Manufacturing closed Thursday at $12.38.
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UPDATE: Jefferies Color on LEA Initiation
Friday, March 18, 2011 - 8:24am | 97Jefferies, which initiated coverage of Lear Corp. (NYSE: LEA), is providing some color on the stock. “We think auto stocks are likely to transition into top-line stories this year as industry-wide operating leverage fades,” Jefferies writes. “In our view, LEA offers an attractive means to...
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Jefferies Initiates JCI At Hold, $43 PT
Friday, March 18, 2011 - 8:21am | 30Jefferies is initiating Johnson Controls Inc. (NYSE: JCI) at Hold with a $43 PT. Johnson Controls closed Thursday at $39.79.