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EMCOR Group Acquires Bahnson Holdings
Tuesday, February 1, 2011 - 1:58pm | 85EMCOR Group, Inc. (NYSE: EME) today announced that it has acquired Bahnson Holdings, Inc.. In business since 1915, Bahnson, with 2010 revenues of approximately $155 million, is a leading industrial services company providing mechanical, HVAC and specialty refrigeration systems to virtually every...
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Insituform Technologies Receives Contract Award to Provide Corrosion Coating Services
Monday, January 31, 2011 - 11:59am | 115Insituform Technologies, Inc. (Nasdaq: INSU) announced today that its subsidiary, The Bayou Companies LLC, has been awarded a contract with Air Products and Chemicals, Inc., the world's largest hydrogen producer. Under this contract, Bayou will provide corrosion coating, concrete weight coating,...
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Goldman Sachs Bullish On Chicago Bridge & Iron Company (CBI)
Monday, January 31, 2011 - 8:08am | 128Goldman Sachs has a Buy rating and a $42 price target on shares of Chicago Bridge & Iron Company N.V. (NYSE: CBI). In a note to clients, Goldman writes, "CL-Buy CBI remains our favorite pick into the quarter. While we expect CBI to miss its 2010 award guidance due to the Kearl award moving to...
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Market Reacts to Fed Accouncement as Expected 01-26-2011
Friday, January 28, 2011 - 7:30pm | 826The market reacted to the Fed announcement as expected and the statement showed that the Fed is watching commodity price volatility/inflation, but this has not shifted into a change in current interest rate levels. The market now looks like it will continue to hit resistance, 1300 on the S&P,...
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Trade Ideas From The State Of The Union (CSX, FSLR, APOL, GVA, FNSR)
Wednesday, January 26, 2011 - 2:50pm | 559President Obama addressed a wide array of issues in his State of the Union address last night, and now investors are clamoring for ways to profit off the President's speech. One of the major beneficiaries from last night's speech was high speed rail, which should benefit the rail roads like CSX (...
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Jefferies Raises PT To $62 On Jacobs Engineering, Positive About 2011 Recovery
Wednesday, January 26, 2011 - 10:24am | 150Jefferies & Company has published a research report on Jacobs Engineering (NYSE: JEC) and continues to expect the company's recovery throughout 2011 after bottoming out in 2010. In the report, Jefferies writes "Jacobs Engineering reported FQ1 EPS of $0.56 (excluding charges) vs. our estimate of...
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Jefferies Raises PT On Jacobs Engineering To $62
Wednesday, January 26, 2011 - 9:35am | 27Jefferies & Company has raised the price target on Jacobs Engineering (NYSE: JEC) from $55 to $62 and maintains its Buy rating.
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Sterne Agee Upgrades Jacobs Engineering Group (JEC)
Wednesday, January 26, 2011 - 8:39am | 174Sterne Agee is upgrading shares of Jacobs Engineering Group, Inc. (NYSE: JEC) to Buy with a $60 price target on shares. In a note to clients, Sterne Agee writes, "We are upgrading JEC to BUY from Neutral and increasing our 6-12 month price target to $60. Our PT now reflects JEC trading at 19.7X our...
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Sterne Agee Upgrades Jacobs Engineering To Buy, $60 PT
Wednesday, January 26, 2011 - 7:48am | 29Sterne Agee has upgraded Jacobs Engineering Group, Inc. (NYSE: JEC) from Neutral to Buy and has raised the price target to $60.
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Jacobs Engineering Misses - Analyst Blog
Tuesday, January 25, 2011 - 8:01pm | 717Jacobs Engineering Group Inc. (JEC) reported disappointing operating results for the first quarter of fiscal 2011 with both top-line and bottom-line results reporting below expectations. During the first quarter, Jacobs reported EPS (excluding one-time items) of 56 cents, 6 cents below the year...
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Jacobs Engineering Misses - Analyst Blog
Tuesday, January 25, 2011 - 7:20pm | 717Jacobs Engineering Group Inc. (JEC) reported disappointing operating results for the first quarter of fiscal 2011 with both top-line and bottom-line results reporting below expectations. During the first quarter, Jacobs reported EPS (excluding one-time items) of 56 cents, 6 cents below the year...
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KBR Awarded Contract by Tianji Coal Chemical Industry Group
Tuesday, January 25, 2011 - 5:10pm | 104KBR (NYSE: KBR) today announced that its Technology business unit has been awarded a contract by Tianji Coal Chemical Industry Group, Co., Ltd. to provide licensing and related engineering services for a grassroots aniline plant to be located in Lucheng, Shanxi, China. The aniline technology is...
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Goldman Sachs Comments On Chicago Bridge & Iron (CBI)
Tuesday, January 25, 2011 - 11:19am | 158In a research report published today, Goldman Sachs commented on recent news from Chicago Bridge & Iron (NYSE: CBI). Goldman Sachs maintained its Buy of Chicago Bridge & Iron. In the report, Goldman Sachs states, "CBI announced that it won $90 mn of additional work on the Kearl oil sands...
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Amgen Beats, Guides In Line - Analyst Blog
Tuesday, January 25, 2011 - 9:31am | 995Amgen (AMGN) reported fourth quarter earnings per share of $1.15, 9 cents above the Zacks Consensus Estimate of $1.06 and 11.7% above year-ago earnings. Higher revenues, a lower tax rate and lower share count helped drive fourth quarter results. Full year earnings increased 5.8% to $5.12 per share...
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Amgen Beats, Guides In Line - Analyst Blog
Tuesday, January 25, 2011 - 9:00am | 995Amgen (AMGN) reported fourth quarter earnings per share of $1.15, 9 cents above the Zacks Consensus Estimate of $1.06 and 11.7% above year-ago earnings. Higher revenues, a lower tax rate and lower share count helped drive fourth quarter results. Full year earnings increased 5.8% to $5.12 per share...