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Lindsay Corporation Increases Cash Dividend tp $0.115
Monday, July 23, 2012 - 3:05pm | 68Lindsay Corporation (NYSE: LNN) announced today that its Board of Directors has declared a 28 percent increase in its regular quarterly cash dividend to $0.115 per share, payable August 31, 2012, to shareholders of record on August 17, 2012. The regular quarterly cash dividend was previously $0.09...
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Sterne Agee Reiterates Buy Rating, $50 PT on Navistar International
Friday, July 6, 2012 - 11:00am | 103In a flash note published earlier on Friday, Sterne Agee reiterated its Buy rating and $50.00 price target on Navistar International (NYSE: NAV). Sterne Agee went on to say “We believe Navistar's streamlined cost base, revised product portfolio, stable defense segment, and multiple high-growth...
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JP Morgan Comments on Navistar International, ICT Technology
Friday, July 6, 2012 - 10:51am | 198J.P. Morgan provided color on Navistar International (NYSE: NAV) in a research report published today following the company's engine technology strategy announcement and conference call. J.P. Morgan has a Neutral rating and $30 price target on Navistar. In the report, J.P. Morgan stated, "NAV...
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UPDATE: Navistar Announces Advanced Clean Engine Technology To Meet Emissions Regulations
Friday, July 6, 2012 - 6:08am | 74Navistar International Corporation (NYSE: NAV) today announced that it will introduce its next generation clean engine solution – In-Cylinder Technology Plus (ICT+) – to meet 2010 U.S. Environmental Protection Agency (EPA) emissions regulations and position the company to meet greenhouse gas (GHG...
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Cummins Pops 5% on Navistar Rumor
Friday, June 29, 2012 - 2:28pm | 150Shares of both Cummins (NYSE: CMI) and Navistar (NYSE: NAV) have seen increased strength during Friday's trading session after rumors circulated that Navistar is considering offering Cummins' engines in Navistar's vehicle fleet. Navistar International manufactures and sells commercial and military...
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UPDATE: Piper Jaffray Raises PT to $68 on Lindsay Corporation on Quick Movable Barrier Recovery
Thursday, June 28, 2012 - 11:02am | 134Piper Jaffray reiterates its Neutral rating on Lindsay Corporation (NYSE: LNN) and raises its price target from $64 to $68. Piper Jaffray comments, "Along with a 3Q EPS beat driven by better-than-expected gross margins, LNN shares gained on hopes of a recovery in the high-margin Quick Movable...
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Earnings Roundup
Wednesday, June 27, 2012 - 8:22am | 357Lennar (NYSE: LEN) reported a rise in its second-quarter profit. Its new orders also surged 40%. Lennar's quarterly net income surged to $452.7 million, or $2.06 per share, versus $13.8 million, or $0.07 per share, in the year-ago period. Its revenue gained 22% to $930.2 million. Monsanto Co (NYSE...
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UPDATE: Lindsay Q3 Net Profit Surges 23%
Wednesday, June 27, 2012 - 6:48am | 65Lindsay (NYSE: LNN) reported a 23% rise in its fiscal third-quarter earnings. Lindsay's quarterly profit surged to $18.8 million, or $1.47 per share, versus a year-ago profit of $15.3 million, or $1.20 per share. Its revenue gained 12% to $172.1 million. However, analysts were expecting earnings...
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Earnings Scheduled For June 27
Tuesday, June 26, 2012 - 11:08pm | 319UniFirst (NYSE: UNF) is projected to post its Q3 EPS at $0.99 on revenue of $311.61 million. OMNOVA Solutions (NYSE: OMN) is estimated to post its Q2 earnings at $0.15 per share on revenue of $317.00 million. Commercial Metals Company (NYSE: CMC) is expected to report its Q3 earnings at $0.38 per...
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Sterne Agee Reiterates Buy Rating, $50 PT for Navistar International Corporation
Friday, June 22, 2012 - 9:27am | 115In a flash note published earlier today, Sterne Agee Group, Inc. reiterated its Buy rating and $50.00 price target for Navistar International Corporation (NYSE: NAV). Sterne Agee went on to say “Navistar announced that its Board of Directors has adopted a Shareholder Rights Plan (the "Plan")....
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Navistar Adopts Stockholder Rights Plan
Wednesday, June 20, 2012 - 7:00am | 363Navistar International Corporation (NYSE: NAV) today announced that its Board of Directors has adopted a Stockholder Rights Plan (the "Rights Plan" or "Plan") and declared a dividend of one right on each outstanding share of Navistar (the "Company") common stock. The Plan is designed to deter...
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Friday Movers (BVSN, NAV, MT)
Friday, June 15, 2012 - 12:06pm | 173BroadVision (NASDAQ: BVSN), an Internet software and services company, is trading up over 25% early in the session. Microsoft (NASDAQ: MSFT) is reportedly set to purchase business social networking company Yammer for $1 billion. BroadVision operates under a similar business model as Yammer, and...
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UPDATE: JP Morgan Upgrades Navistar International to Neutral on Balanced Risk/Reward
Wednesday, June 13, 2012 - 9:36am | 130JP Morgan raises its rating on Navistar International (NYSE: NAV) from Underweight to Neutral with the same $30 price target on shares. JP Morgan notes, "We are upgrading NAV from Underweight to Neutral, as we believe that after last week's miss and yesterday's Court of Appeals...
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JP Morgan Maintains Underweight on Navistar After US Court of Appeals Ruling
Tuesday, June 12, 2012 - 11:45am | 174JP Morgan has published a research on Navistar (NYSE: NAV) after the US Court of Appeals ruled against the EPA, ruling in favor of Navistar's competitors. In the report, JP Morgan writes, "The U.S. Court Of Appeals ruled in favor of NAV's competitors in their lawsuit against the EPA today,...
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Barrington Questions What Navistar is Worth to a Strategic Buyer
Tuesday, June 12, 2012 - 11:18am | 196Barrington Research has published a research report on Navistar International (NYSE: NAV) with an unchanged investment thesis. In the report, Barrington writes, "Our investment thesis is unchanged following the Q2/12 earnings release and today's negative U.S. Court of Appeals ruling regarding the...