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Options Brief: Kinetic Concepts
Wednesday, July 27, 2011 - 12:07pm | 74Shares of Kinetic Concepts (NYSE: KCI) are lower on the session by 0.07%, trading at $67.90. Overall call volume is now running at 3.17x the daily average, with 73% of all calls traded being purchases on the offer. 6,868 contracts have traded on the session so far. Kinetic Concepts, Inc. is a...
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Duncan Williams Reiterates Buy and PT of $80 on Varian Medical
Wednesday, July 27, 2011 - 9:15am | 43Duncan Williams reiterated its Buy rating on Varian Medical (NASDAQ: VAR). At the same time, the rating agency left its price target on the company's stock unchanged at $80. On Tuesday, VAR closed the day at $68.57.
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UPDATE: Piper Jaffray Upgrades Kinetic Concepts to Neutral
Wednesday, July 27, 2011 - 8:54am | 132Piper Jaffray is out with its report today on Kinetic Concepts (NYSE: KCI), upgrading KCI from Underweight to Neutral. In a note to clients, Piper Jaffray writes, "KCI delivered mixed top line performance and came in below expectations on the bottom line, despite a full-quarter benefit from the...
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Boston Scientific Announces Five-Year, $150 Million Investment in China to Accelerate Commercial Expansion
Wednesday, July 27, 2011 - 8:41am | 172Boston Scientific Corporation's (NYSE: BSX) Board of Directors has approved a five-year, $150 million investment in China to expand its commercial presence in one of the world's largest and fastest-growing medical device markets. This new investment will support the establishment of a local,...
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Piper Jaffray Rates BDX
Wednesday, July 27, 2011 - 8:31am | 29According to Piper Jaffray, Becton Dickinson (NYSE: BDX), PT is set to $84 with a rating of Neutral. BDX closed yesterday at $84.96 .
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Gabelli Raising Estimates On Covidien
Wednesday, July 27, 2011 - 8:28am | 116Gabelli & Co. is out with a research report on Covidien Ltd (NYSE: COV) and it has a Buy rating on shares, and is raising earnings estimates. In a note to clients, Gabelli & Co. writes, "We are raising our 2011 and 2012 EPS estimates to $3.90 and $4.25, from $3.80 and $4.20 respectively,...
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Piper Jaffray Rates GPRO
Wednesday, July 27, 2011 - 8:26am | 28According to Piper Jaffray, Gen-Probe (NASDAQ: GPRO), PT is set to $78 and is rated at Overweight. Gen-Probe closed yesterday at $62.77.
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BD Announces Agreement to Acquire Carmel Pharma, Inc.
Wednesday, July 27, 2011 - 8:04am | 215BD (Becton, Dickinson and Company) (NYSE: BDX) announced today that it signed a definitive agreement to acquire Carmel Pharma, Inc., a Swedish company that manufactures the PhaSeal® System, the leading closed-system drug transfer device for the safe handling of hazardous drugs that are packaged in...
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News Summary for July 27, 2011
Wednesday, July 27, 2011 - 7:55am | 531This is your Benzinga news summary and traders' outlook for Wednesday, July 27, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat after mixed guidance this morning from some notable companies. The...
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Morgan Stanley Overweight On Covidien
Wednesday, July 27, 2011 - 7:47am | 156Morgan Stanley is out with a research report on Covidien (NYSE: COV) and it has an Overweight rating and a $63 price target on shares. In a note to clients, Morgan Stanley writes, "Our recent thesis in our May 12 report, Three New Ways to Drive the Multiple; Raising Price Target, suggested that...
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Benzinga's Top Pre-Market Gainers
Wednesday, July 27, 2011 - 7:45am | 103Amazon.com Inc (NASDAQ: AMZN) rose 6.92% to $229.00 in the pre-market session. Amazon reported upbeat quarterly results. Edwards Lifesciences Corporation (NYSE: EW) added 6.58% to $78.85 in the pre-market session. EW reported an 18 percent rise in its Q2 revenue. Electronic Arts Inc (NASDAQ: ERTS...
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Accuray Prices Offering of $100 Million 3.75% Convertible Senior Notes
Wednesday, July 27, 2011 - 7:34am | 189Accuray Incorporated (Nasdaq: ARAY) today announced the pricing of its offering of $100 million aggregate principal amount of 3.75% convertible senior notes due 2016. The size of the offering was upsized from the previously announced $75 million offering. The notes were offered and sold to...
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Piper Jaffray Upgrades Kinetic Concepts To Neutral, Raises PT To $68.50
Wednesday, July 27, 2011 - 7:27am | 28Piper Jaffray has upgraded Kinetic Concepts (NYSE: KCI) from Underweight to Neutral and has raised the price target from $52 to $68.50.
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Benzinga's Top Upgrades
Wednesday, July 27, 2011 - 7:23am | 123Analysts at Morgan Keegan upgraded Mednax Inc (NYSE: MD) from “market perform” to “outperform.” MD's shares closed at $70.50 yesterday. Mednax's trailing-twelve-month operating margin is 22.49%. JP Morgan upgraded Buckle Inc (The) (NYSE: BKE) from “underweight” to “neutral.” BKE's shares closed at...
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Bank of America Previews Earnings for Equinix
Wednesday, July 27, 2011 - 7:07am | 173Bank of America has published a report on Equinix (NASDAQ: EQIX) the morning before 2Q results reported. In the report, Bank of America wrote, "Conference Call Info Wednesday, July 27th, at 5:30 p.m. (ET). Dial-in: 210-234-8004; Password: “EQIX”. Replay: 203-369-1470. Key issues we are watching...