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Jefferies Reports TFX Sells Marine Division
Wednesday, March 23, 2011 - 8:40am | 94Jefferies has reported on Teleflex's (NYSE: TFX) sale of its Marine division to H.I. G. Capital. According to Jefferies, "Teleflex announces sale of Marine division to H.I.G. Capital for $121.6M total consideration. The transaction takes the company one step closer to pure- play medical status....
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J.P. Morgan Upgrades Textron To Overweight
Wednesday, March 23, 2011 - 8:27am | 126In a report published by J.P. Morgan, Textron (NYSE: TXT) is upgraded to Overweight. J.P. Morgan said that it is upgrading TXT to OW as fundamental catalysts build in the form of orders in key businesses, and it believes that the last consensus cut for this cycle is in, making valuation/sentiment...
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Morgan Keegan Lowers PT On Teleflex To $57
Wednesday, March 23, 2011 - 8:10am | 28Morgan Keegan has lowered the price target on Teleflex Incorporated (NYSE: TFX) from $59 to $57 and maintains its Market Perform rating.
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JP Morgan Upgrades Textron To Overweight, PT To $30
Wednesday, March 23, 2011 - 7:55am | 27JP Morgan has upgraded Textron (NYSE: TXT) from Neutral to Overweight and has raised the price target from $26 to $30.
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DOE Awards 3M $4.4 Million to Reduce Cost of Photovoltaic Energy Systems
Tuesday, March 22, 2011 - 11:01am | 79The U.S. Department of Energy (DOE) has awarded 3M (NYSE: MMM) $4.4 million as part of DOE's SunShot Initiative. SunShot aims to reduce the total costs of photovoltaic solar energy systems by about 75 percent, so that they are cost-competitive with other forms of energy without subsidies. SunShot...
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Deutsche Bank Reports On Upcoming Gainful Employment Rule (APOL)
Tuesday, March 22, 2011 - 7:31am | 139Deutsche Bank Reports On Upcoming Gainful Employment Rule (APOL) Deutsche Bank has reported that the Department of Education's Gainful Employment rule will be released in the coming weeks. According to Deutsche Bank, "The Dept. of Education's (DoE) final Gainful Employment (GE) rule is expected...
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3 Stocks Facing Headline Risk Due to Japan Crisis
Monday, March 21, 2011 - 11:58pm | 131By Cameron Smith, Lead Editor We found two consumer names and one infrastructure conglomerate that face headline risk from Japan. Their bottom-lines will be impacted as well. Here they are: General Electric Company (GE): GE is a diversified technology, media and financial services company. GE's...
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7 Preferred Stocks Smart Income Investors Are Buying Now
Monday, March 21, 2011 - 11:54pm | 131By Cameron Smith, Lead Editor We found two consumer names and one infrastructure conglomerate that face headline risk from Japan. Their bottom-lines will be impacted as well. Here they are: General Electric Company (GE): GE is a diversified technology, media and financial services company. GE's...
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5 Solar Stocks Set to Soar from Energy's Flight to Safety
Monday, March 21, 2011 - 11:51pm | 131By Cameron Smith, Lead Editor We found two consumer names and one infrastructure conglomerate that face headline risk from Japan. Their bottom-lines will be impacted as well. Here they are: General Electric Company (GE): GE is a diversified technology, media and financial services company. GE's...
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Raven Industries Increases Dividend by 12.5% to $0.18 t
Monday, March 21, 2011 - 4:14pm | 56Raven Industries, Inc. (Nasdaq: RAVN) announced today that its board of directors approved a 12.5 percent increase in the company's regular quarterly cash dividend to 18 cents per share. The dividend is payable April 15, 2011 to shareholders of record on March 31, 2011. This is the company's 25th...
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Merger Announced 03-21-2011
Monday, March 21, 2011 - 4:02pm | 882Cusick's Corner Earlier this morning optionsXpress and The Charles Schwab Corporation announced that they agreed to merge. I am excited about the new offerings and opportunities that may come from this merger. With that said, M&A is on the rise (see Bullish Flow) and blue chips are under...
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3M Increases Global Manufacturing Capacity for Optically Clear Adhesives
Monday, March 21, 2011 - 12:04pm | 583M (NYSE: MMM) today announced that it has increased its global manufacturing capacity of the company's 3M Optically Clear Adhesives (OCAs) at multiple locations throughout Asia in Korea, Taiwan, China and Singapore. The increased capacity supports the growth of consumer electronics devices...
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Stifel Nicolaus Upgrades Textron to Buy (TXT)
Monday, March 21, 2011 - 8:48am | 115Stifel Nicolaus is out with its report today on Textron (NYSE: TXT), upgrading shares of TXT from Hold to Buy. In a note to clients, Stifel Nicolaus writes, "We are revising our rating on TXT shares upward to Buy from Hold and establishing a 12-month target price of $32. Our target is based on an...
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Tyco International to Acquire Valve Manufacturer KEF Holdings in the United Arab Emirates for $300M
Monday, March 21, 2011 - 8:26am | 70Tyco International Ltd. (NYSE: TYC), announced today that it has signed a definitive agreement to acquire a 75% equity stake in privately-held KEF Holdings Ltd. for approximately $300 million in cash. Based in the United Arab Emirates, KEF is a fully integrated valve manufacturer and one of the...
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Citi Maintains 3M Hold, $98 PT (MMM)
Friday, March 18, 2011 - 9:05am | 104Citi maintained its 3M (NYSE: MMM) Hold rating and $98 price target in a research note published today. In the report, Citi states, "3M's well-attended analyst meeting on March 17 in St Paul featured a parade of the company's ten fastest growth platforms/regions. As expected, the themes centered...