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News Summary for June, 15 2011
Wednesday, June 15, 2011 - 7:50am | 250This is your Benzinga news summary and traders' outlook for Wednesday, June 15, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after the markets posted over a 1% gain yesterday. The U.S. dollar...
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Deutsche Bank Updates 6/15
Wednesday, June 15, 2011 - 7:40am | 565Deutsche Bank provided updates a number of companies in a research report published today. Dana Corporation (NYSE: DAN) had its rating maintained at Buy and its price target was left unchanged at $22 after a meeting with the company's management. In the report, Deutsche Bank states, "Dana...
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US Stock Futures Down Ahead Of Economic Data
Wednesday, June 15, 2011 - 6:09am | 423US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 64 points to 11,954.00 and futures on the S&P 500 stock index fell 7.50 points to 1,277.00. Nasdaq 100 futures dropped 12.75 points to 2,234.25. US stocks...
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Stocks To Watch For June 15
Wednesday, June 15, 2011 - 12:14am | 291Some of the stocks that may grab investor focus today are: Wall Street expects Finisar Corporation (NASDAQ: FNSR) to report its Q4 EPS at $0.33 on revenue of $242.89 million. FNSR shares rose 0.84% to $19.20 in after-hours trading. Clarcor Inc (NYSE: CLC) reported a 37% surge in its second-...
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Tennant Company Reaffirms Annual Guidance
Tuesday, June 14, 2011 - 5:01pm | 155Tennant Company (NYSE: TNC) today announced that Karel Huijser, Vice President of the company's International business unit, will be leaving the company but will continue to work for a period of time to complete the transition of his duties. Huijser joined the company in 2006. “I want to thank...
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NI Industries and Solidica Enter Into Advanced Manufacturing Development Effort for Enhanced Military Vehicle Performance
Tuesday, June 14, 2011 - 10:17am | 146TriMas Corporation (NASDAQ: TRS) has signed an advanced manufacturing development agreement with Solidica. The agreement establishes a pilot manufacturing line for DuraTi™, Solidica's revolutionary lightweight armor developed for military/defense and security applications. Suitable for both legacy...
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J.P. Morgan Raises Estimates On PLL
Tuesday, June 14, 2011 - 8:19am | 128J.P. Morgan is maintaining its Neutral rating and its $57 price target on Pall Corp. (NYSE: PLL) as it raises estimates on the company. Says J.P. Morgan, in its report, “We raise our F2012 and F2013 estimates for Pall Corporation following the company reporting solid 3Q:F11 EPS results. PLL...
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UPDATE: KeyBanc Upgrades Kaydon to Buy
Tuesday, June 14, 2011 - 7:54am | 100KeyBanc is out with its report today on Kaydon (NYSE: KDN), upgrading KDN from Hold to Buy. In a note to clients, KeyBanc writes, "We are upgrading shares of Kaydon Corporation to BUY from HOLD with a $40 price target. We believe that investors seeking a lower-beta defensive play should consider...
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Last Night's Noteables Events
Tuesday, June 14, 2011 - 7:52am | 2853 offerings last night Broadsoft, Inc. (BSFT) Announced its intention to offer, subject to market and other conditions, $100 million principal amount of convertible senior notes due 2018 in a private offering Danaher Corp. (DHR) To Offer 17.5M Shares - Trading arounf par - Ill be intrested to see...
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KeyBanc Upgrades Kaydon Corporation To Buy, $40 PT
Tuesday, June 14, 2011 - 7:26am | 27KeyBanc Capital Markets has upgraded Kaydon Corporation (NYSE: KDN) from Hold to Buy and has established a $40 price target.
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Graham Corporation Awarded Two Orders Totaling $4.7 Million
Tuesday, June 14, 2011 - 6:57am | 161Graham Corporation (NYSE: GHM) today announced that it has been awarded two orders totaling $4.7 million. One of the orders is for a vacuum system for an oil refinery under construction in the Middle East, with delivery planned for Graham's first quarter of fiscal 2013, which ends June 30, 2012....
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Earnings Scheduled For June 14
Tuesday, June 14, 2011 - 1:22am | 171Agilysys Inc (NASDAQ: AGYS) is projected to post a Q4 loss at $0.27 per share on revenue of $158.78 million. FactSet Research Systems Inc (NYSE: FDS) is estimated to post its Q3 earnings at $0.92 per share on revenue of $183.10 million. Capstone Turbine Corp (NASDAQ: CPST) is expected to post a...
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I've Got a Bridge To Sell You
Monday, June 13, 2011 - 7:00pm | 592Have you ever been in a situation in which you needed to quickly identify a vehicle? I recall getting hit from behind by a speeding vehicle in Bridgeport as we exited from a minor league baseball game. I focused so quickly on the license plate of the car as it screamed through a red light to get...
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Jefferies Reiterates Buy and PT of $157 on Flowserve
Monday, June 13, 2011 - 8:55am | 142Jefferies reiterated its Buy rating on Flowserve (NYSE: FLS). At the same time, Jefferies left its price target on the company's stock unchanged at $157 after a meeting with the company's management. In a research report published today, Jefferies states, "We believe the takeaways from the...
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Met-Pro Corporation's Strobic Air Business Unit Receives International Equipment Orders Totaling in Excess of $700K
Friday, June 10, 2011 - 10:22am | 68Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Strobic Air business unit has received two international orders, totaling more than $700,000, for research laboratory fume hood exhaust systems at two premier...