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Deutsche Bank Sees Upside In Lear
Tuesday, June 28, 2011 - 6:35am | 153Deutsche Bank is out with a research report on auto suppliers, and Lear Corporation (NYSE: LEA) in general. It has a Buy rating on shares. In a note to clients, Deutsche Bank writes, "We are raising our Q2 estimates for North American suppliers, and would highlight Lear, TRW and Magna as...
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Piper Jaffray Raises PT On Johnson Controls To $51
Tuesday, June 28, 2011 - 6:08am | 27Piper Jaffray has raised the price target on Johnson Controls (NYSE: JCI) from $50 to $51 and maintains its Overweight rating.
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Johnson Controls to Invest $138.5 Million in Toledo, Ohio Battery Facility
Monday, June 27, 2011 - 4:00pm | 61Johnson Controls, Inc. (NYSE: JCI) today announced plans to invest $138.5 million to convert its battery plant near Toledo, Ohio into an Absorbent Glass Mat battery facility for Start-Stop and other high efficiency vehicles. Subject to final state and local incentives, the facility will be the...
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Ballard Denies Rumour of Indian Investment
Monday, June 27, 2011 - 3:33pm | 86Ballard Power Systems (NASDAQ: BLDP) announced that it has received a number of inquiries related to recent media reports claiming that Ballard is considering a significant investment in an Indian corporation. Ballard has no current plan or intention of effecting any such transaction and indeed,...
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Avalon Rare Metals Spikes on Ticker Confusion
Monday, June 27, 2011 - 9:55am | 49During today's trading session, there was an upgrade of Autoliv (NYSE: ALV), but some newsfeeds confused the ticker symbol with Avalon Rare Metals (NYSE: AVL). AVL spiked briefly on the confusion with ALV.
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China Automotive Systems Soaring 16% On Heavy Volume
Friday, June 24, 2011 - 12:22pm | 91China Automotive Systems, Inc. (NASDAQ: CAAS) shares are soaring on heavy volume this afternoon, despite the lack of news on the stock. At last check, shares of China Automotive Systems were up 99 cents to $8.50, a gain of 13.2% on 275,000 shares. The average daily volume is just over 300,000...
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Options Brief: China Automotive Systems
Friday, June 24, 2011 - 12:09pm | 77Shares of China Automotive Systems (NASDAQ: CAAS) are higher on the session by 13.85%, trading at $8.55. Overall call volume is now running at 2.51x the daily average, with 59% of all calls traded being purchases on the offer. 1,297 contracts have traded on the session so far. China Automotive...
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Options Brief: Johnson Controls, Inc.
Thursday, June 23, 2011 - 9:35am | 89Shares of Johnson Controls, Inc. (NYSE: JCI) are lower on the session by 1.39%, trading at $38.34. Overall call volume is now running at 2.02x the daily average, with 49% of all puts traded being purchases on the offer. 3,140 contracts have traded on the session so far. Johnson Controls, Inc....
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WABCO Supplies New Generation of Electronically Controlled Air Suspension Systems to Major Manufacturers of Trucks and Buses in Europe
Thursday, June 23, 2011 - 6:04am | 56WABCO Holdings (NYSE: WBC) today announced that it has entered into several agreements with leading truck and bus manufacturers in Europe to supply its new generation of electronically controlled air suspension systems. WABCO's new ECAS reduces costs for original equipment manufacturers and makes...
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Calls Purchased on American Axle & Manufacturing Holdings
Wednesday, June 22, 2011 - 10:02am | 134Shares of American Axle & Manufacturing Holdings (NYSE: AXL) are higher on the session by 1.29%, currently trading at $10.96. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the...
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Morgan Stanley Provides Color on Johnson Controls, Overweight
Wednesday, June 22, 2011 - 5:48am | 122Morgan Stanley provided color on Johnson Controls (NYSE: JCI). In a research report published today, Morgan Stanley expressed its belief that the company's share price might go up since it has been trading off recently. In the report, Morgan Stanley states, "We believe the share price will rise...
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Johnson Controls Spiking Above 200-Day Moving Average; Testing 50-Day Moving Average as Resistance
Tuesday, June 21, 2011 - 10:18am | 152The moving averages track the previous price action in a stock. In this case, the 200-day moving average compiles the average share price of the last 200 trading days and the 50-day moving average compiles the average share price of the last 50 trading days. Both of these moving averages are...
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Deutsche Bank Provides Color on Johnson Control, Hold
Tuesday, June 21, 2011 - 8:02am | 159Deutsche Bank provided color on Johnson Control (NYSE: JCI). In a research report published today, Deutsche Bank stressed its belief that the company's analyst day may provide a lot of steam for the company's stock, in the near-term at least. In a research report published today, Deutsche Bank...
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Piper Jaffray Overweight On Johnson Controls
Tuesday, June 21, 2011 - 6:33am | 137Piper Jaffray has an Overweight rating and a $50 price target on shares of Johnson Controls Inc. (NYSE: JCI). In a note to investors, Piper Jaffray writes, "We believe Johnson Controls' battery focused analyst day will be a positive catalyst for the stock as investors gain increased visibility...
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Johnson Controls Receives Approval From Anti-Trust Authorities to Acquire Keiper and Recaro Automotive
Monday, June 20, 2011 - 9:49am | 156Johnson Controls (NYSE: JCI) completed the previously announced acquisition of Keiper and Recaro Automotive. The European Commission in Brussels, Belgium approved the acquisition on June 17, 2011. Keiper is a leader in recliner system technology and is renowned for its engineering and...