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Wells Fargo Upgrades PDE To Outperform
Tuesday, February 8, 2011 - 6:50am | 42Analysts at Wells Fargo upgrade Pride International Inc (NYSE: PDE) from “market perform” to “outperform.” PDE shares surged 15.73% to close at $39.80 yesterday. More Analyst Ratings here
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Wells Fargo Ups ESV To Outperform
Tuesday, February 8, 2011 - 6:48am | 41Analysts at Wells Fargo upgrade Ensco Plc (NYSE: ESV) from “market perform” to “outperform.” ESV shares fell 4.19% to close at $52.13 yesterday. More Analyst Ratings here
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Notable Weakness in Small Caps 02-07-2011
Monday, February 7, 2011 - 7:26pm | 884Cusick's Corner This market continued to hold up into the close with most of the major averages closing near the highs. However, there was some notable weakness in the Small Caps, IWM, which is a development to keep an eye on. I have referred to these high beta Small Caps as the proverbial canary...
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Oil Under Pressure 02-07-2011
Monday, February 7, 2011 - 3:50pm | 936Cusick's Corner What a weekend -- the title is back in the rightful city Green Bay (yes, I am a Packer fan)! There was no denying the 6th seed, they found a way to win on the road against all odds, not listening to the pundits or crying about their injuries (3 starters out in the first half of...
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Pride International (PDE) Gets Bought Out - I Missed it by *That* Much
Monday, February 7, 2011 - 1:23pm | 697I saw this morning driller Pride International (PDE) has a bid from Ensco (ESV). Very long time readers might remember Pride as I was touting it was a takeover play..... 2 years ago. [May 2, 2008: Restarting Pride International as Takeover Bait] As Maxwell Smart would say, I missed it by that...
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Just Another Merger Monday (ESV, PFE, AOL, CTAS, BEC, WSC, BRK-B)
Monday, February 7, 2011 - 12:47pm | 570Merger Monday's like today are what propel the equity markets higher. The flurry of action we've seen today show that corporate deal making is alive and well, despite most of us having a hangover from our Super Bowl parties last night. Precisely at 12:01 a.m. this morning, AOL (NYSE: AOL)...
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Options Brief: Pride International (PDE)
Monday, February 7, 2011 - 11:11am | 88Shares of Pride International (NYSE: PDE) are higher on the session by 16.75%, trading at $40.15. Overall call volume is now running at 4.22x the daily average, with 11% of all calls traded being purchases on the offer. 6,707 contracts have traded on the session so far. Pride International, Inc....
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Morning Market Movers (LZR, REFR, PDE, BEC)
Monday, February 7, 2011 - 11:00am | 166Emergent Group Inc (AMEX: LZR) climbed 39.11% to $8.43 at 10:00 am. LZR has agreed to be purchased by Universal Hospital Services Inc for $8.46 per share. Research Frontiers Incorporated (NASDAQ: REFR) jumped 27.53% to $9.31. REFR had $6.38 million in total cash and no debt for the recent quarter....
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Ensco plc to Acquire Pride International for $41.60 per Share
Monday, February 7, 2011 - 9:01am | 109Ensco plc (NYSE: ESV) and Pride International, Inc. (NYSE: PDE) jointly announced today that they have entered into a definitive merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share based on Ensco's closing share price on 4 February...
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Loews Corporation Reports Mixed Results (L,CNA,DO,BWP)
Monday, February 7, 2011 - 7:14am | 227New York, New York-based Loews Corporation (NYSE: L) released financial results on Monday morning that beat Wall Street earnings estimates, while failing to meet revenue expectations. Loews Corporation announced that its 4th quarter net income rose to $466 million, or $1.12 per share, up from $403...
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Goldman Sachs Reiterating Buy Diamond Offshore (DO)
Friday, February 4, 2011 - 11:35am | 272Goldman Sachs has a Buy rating and a Diamond Offshore Drilling, Inc. (NYSE: DO) and a $85 price target on shares. In a note to clients, Goldman writes, "We reiterate our CL-Buy on DO and expect a steadily improving midwater market and a tightening deepwater market to drive outperformance. We see 17...
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UBS Price Target Research Summary
Friday, February 4, 2011 - 11:31am | 231UBS is out with a research report this morning regarding its Ratings and Price Target changes. In the report, UBS lowered its AutoNation (NYSE: AN) price target to $27 from $20, lowered its CVS Caremark (NYSE: CVS) price target to $42 from $46, raised Diamond Offshore Drilling's (NYSE: DO) price...
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Benzinga's Top Upgrades (PTEN, TSO, TIF, K)
Friday, February 4, 2011 - 9:27am | 130Patterson-UTI Energy Inc (NASDAQ: PTEN) was upgraded by Canaccord from "hold" to "buy." PTEN's shares closed at $25.14 yesterday. Patterson-UTI Energy's trailing-twelve-month revenue is $1.17 billion. Credit Suisse upgraded Tesoro Corporation (NYSE: TSO) from "neutral" to "outperform.” TSO's shares...
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Jefferies Raises Atwood Oceanics PT To $42 (ATW)
Friday, February 4, 2011 - 9:12am | 84Jefferies raised its Atwood Oceanics (NYSE: ATW) price target to $42 from $38 in a research report published today. In the report, Jefferies states, "Although ATW retains good contract cover and represents an interesting transformation story due to its substantial deepwater and jack-up newbuild...
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Jefferies Raises PT On Atwood Oceanics To $42
Friday, February 4, 2011 - 8:14am | 27Jefferies & Company has raised the price target on Atwood Oceanics (NYSE: ATW) from $38 to $42 and maintains its Hold rating.