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JBT Corporation Wins $26M Gate Equipment Order for Major U.S. Airport
Friday, July 8, 2011 - 9:00am | 75JBT Corporation (NYSE: JBT) today announced that its JBT AeroTech business has been awarded a $26 million contract to supply gate equipment for the Tom Bradley International Terminal Expansion Project currently under construction at the Los Angeles International Airport. The contract, placed by...
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Friday, July 8, 2011 - 12:59am | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Oppenheimer Reiterates Outperform Rating On Danaher
Thursday, July 7, 2011 - 8:43am | 79According to Oppenheimer, Danaher (NYSE: DHR) Outperform rating is reiterated. Oppenheimer said that it is updating its estimates following closing of the BEC acquisition on 6/30/2011. “With the overhang of the anticipated equity offering and BEC timing uncertainty now in the rear-view, and our...
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Piper Jaffray Overweight On Pentair
Thursday, July 7, 2011 - 7:31am | 131Piper Jaffray has an Overweight rating and a $47 price target on shares of Pentair, Inc. (NYSE: PNR). In a note to clients, Piper Jaffray writes, "We are lifting our 2Q EPS estimate above guidance & consensus for Pentair's seasonally strongest quarter as we believe strength in Tech Products...
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The Middleby Corporation Acquires Danfotech
Wednesday, July 6, 2011 - 11:48am | 54The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Danfotech Inc., a subsidiary of SFK systems A/S. Danfotech is a manufacturer of equipment for the food processing industry with annual sales of approximately $5 million. Danfotech products include meat tenderizers, tumblers...
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Citi Maintains Buy on Danaher
Wednesday, July 6, 2011 - 9:25am | 96Citi is out with its report today on Danaher (NYSE: DHR), maintaining Buy. In a note to clients, Citi writes, "Danaher issued 17.5 million shares, representing less than 3% of shares outstanding and $2.9 billion in new debt including $1.1 billion of commercial paper. Since European regulatory...
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Goldman Sachs Raising Estimates On Dover Corp.
Wednesday, July 6, 2011 - 8:40am | 187Goldman Sachs is raising its estimates on shares of Dover Corp. (NYSE: DOV), and is raising its price target to $80 from $78. It has a Buy rating on shares. In a note to clients, Goldman Sachs writes, "Following the closing of the Sound Solutions acquisition, we raise our 2012/2013 EPS estimates...
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Making E-Verify Mandatory: The Perfect Storm
Wednesday, July 6, 2011 - 8:01am | 1845In addition to the controversy over the ARRP position on Social Security, there are other issues affecting retirement that surface via immigration legislation. Scott Hochberg has given Angry Bear permission to post his article from this weekend from Huffington Post. (hat tip coberly) Making E-...
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Goldman Sachs Raises Estimates On Dover
Wednesday, July 6, 2011 - 7:54am | 78According to Goldman Sachs, Dover (NYSE: DOV) estimates are raised. Goldman Sachs said that, following the closing of the Sound Solutions acquisition, it raises its 2012/2013 EPS estimates to $5.35/ $6.10 from $5.20/ $5.80 for anticipated accretion, and thus its 12-month price target rises to $80...
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Bank of America Provides Color on SPX
Wednesday, July 6, 2011 - 6:41am | 131Bank of America provided color on SPX (NYSE: SPW). In a research report published today, Bank of America commented on the company's expansion into the emerging markets. In the report, Bank of America states, “SPX has made substantial penetration gains into emerging markets (EM) in recent years...
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Graco Receives FTC Request for Additional Information Related to Proposed Acquisition of ITW Finishing Businesses
Tuesday, July 5, 2011 - 12:47pm | 130Graco Inc. (NYSE: GGG) announced today that it has received a request for additional information from the Federal Trade Commission in connection with Graco's proposed acquisition of the operations of the finishing businesses of Illinois Tool Works Inc. (NYSE: ITW). Graco has been cooperating with...
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Stanislaus County California Signs With DigitalGlobe for Precision Aerial Imagery
Tuesday, July 5, 2011 - 8:07am | 257DigitalGlobe (NYSE: DGI) said that California's Stanislaus County has contracted to use its Precision Aerial Imagery to monitor changes and manage government projects across the Central Valley county's 1,500 square mile (3,900 square kilometer) area. DigitalGlobe's Precision Aerial product...
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Bank of America Reiterates Buy on Colfax, Raises PT to $30
Friday, July 1, 2011 - 9:17am | 43Bank of America reiterated its Buy rating on Colfax (NYSE: CFX). At the same time, the rating agency raised its price target on the company's stock from $27 to $30. On Thursday, Colfax ended the day at $24.80.
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Bank of America Raises PO On Colfax To $30
Friday, July 1, 2011 - 7:22am | 28Bank of America has raised the price objective on Colfax Corporation (NYSE: CFX) from $27 to $30 and maintains its Buy rating.
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...