-
The Eastern Company Reports Q4 EPS of $.26
Wednesday, February 9, 2011 - 12:05pm | 71The Eastern Company (NYSE: EML) today announced the results of its operations for the fourth quarter and twelve months of 2010. Sales for the quarter were $32.6 million, compared to $28.0 million for the same period in 2009, a 16% increase. Net income for the fourth quarter was $1.6 million or $0....
-
Goldman Sachs Suggests Buying Calls on Eaton Corporation (ETN)
Wednesday, February 9, 2011 - 10:33am | 114Goldman Sachs is out with a research report this morning, where its analysts suggest that traders buy calls on Eaton Corporation (NYSE: ETN) ahead of the company's analyst day. Goldman Sachs Multi-Industry analyst, Terry Darling, rates ETN as a Conviction Buy and sees 21% upside to his $132 12-...
-
Ingersoll-Rand Reports EPS Below Estimates
Wednesday, February 9, 2011 - 10:14am | 123Deutsche Bank has published a research report on Ingersoll-Rand (NYSE: IR) after the company reported EPS results below analyst estimates. In the report, Deutsche Bank writes "IR reported 62c, below 64c DBe/65c Street - a highly unusual outcome this Q - underlying results were significantly weaker...
-
KeyBanc Capital Markets Downgrades Ingersoll-Rand To Hold (IR)
Wednesday, February 9, 2011 - 10:04am | 141KeyBanc Capital Markets downgraded Ingersoll-Rand (NYSE: IR) to Hold from Buy in a research report published today. In the report, KeyBanc Capital Markets states, "When we updated our thesis in early January, we had gotten comfortable that IR's visibility on its productivity initiatives into 2011...
-
J.P. Morgan Remains Overweight On Danaher (DHR)
Wednesday, February 9, 2011 - 9:19am | 113J.P. Morgan remained Overweight on Danaher (NYSE: DHR) in a research report published today. In the report, J.P. Morgan states, "While large, the BEC deal lines up as well as a deal this size could, an opportunistic purchase that is strategically/financially down the middle. Size is an issue, but...
-
US Stock Futures Signal Lower Start On Wall Street, Earnings In Focus
Wednesday, February 9, 2011 - 7:34am | 420US stock futures are lower this morning. Investors are awaiting comments from Federal Reserve Chairman Ben Bernanke. Futures for the Dow Jones Industrial Average dropped 22 points to 12,174.00, while those for the S&P 500 index declined 4.9 points to 1,316.80. Futures for the Nasdaq 100 index...
-
Earnings Scheduled For February 9 (MET, KO, NOC, CSC, ALL, WFMI, IR, STO, CSCO, ICE, ATVI, LGF, RL, AKAM)
Wednesday, February 9, 2011 - 5:23am | 360MetLife (NYSE: MET) is expected to post its Q4 EPS at $1.10 on revenue of $13.50 billion. Coca-Cola (NYSE: KO) is projected to report its Q4 EPS at $0.72 on revenue of $9.75 billion. Northrop Grumman (NYSE: NOC) is projected to report its Q4 earnings at $1.01 per share on revenue of $8.80 billion...
-
Sterne Agee Raises Danaher Corp. Price Target to $47, Maintains Neutral Rating
Tuesday, February 8, 2011 - 7:53pm | 182In response to Danaher Corporation's (NYSE: DHR) $6.8 billion acquisition of biomedical testing product manufacturer Beckman Coulter, Inc. (NYSE: BEC), Sterne Agee raises its price target of DHR to $47 from $46 and maintains its neutral rating for DHR. The transaction will be funded by 25% of DHR's...
-
Sterne Agee Raises Danaher Corp. Price Target to $47, Maintains Neutral Rating
Tuesday, February 8, 2011 - 7:36pm | 182In response to Danaher Corporation's (NYSE: DHR) $6.8 billion acquisition of biomedical testing product manufacturer Beckman Coulter, Inc. (NYSE: BEC), Sterne Agee raises its price target of DHR to $47 from $46 and maintains its neutral rating for DHR. The transaction will be funded by 25% of DHR's...
-
World Stock Markets Daily Report (February 08, 2011)
Tuesday, February 8, 2011 - 3:38pm | 164And there was me thinking that most of the money had come into equities this month, well it seems plenty more to come in not just from Bonds (akin to Exodus). But also from Emerging markets as Egypt's deal breaking down. The US M+A cavalry coming over the hill Monday. Maybe it's a sign of a bull...
-
JBT Corporation Announces FoodTech Order Totaling $4.1M
Tuesday, February 8, 2011 - 12:53pm | 65JBT Corporation (NYSE: JBT) announced today that its JBT FoodTech business signed a $4.1 million contract to supply protein processing and freezing solutions for a convenience food processing plant in Kaliningrad, Russia. The contract is with Concordia Ltd., a business subdivision of Miratorg...
-
Citi Comments On Danaher Corporation Following Beckman Coulter Acquisition
Tuesday, February 8, 2011 - 11:14am | 149Buy-rated Danaher's (NYSE: DHR) agreement to acquire Beckman Coulter (NYSE: BEC) for $6.8 bil culminated a two-month public process with what Citi considers to be an immediately accretive transaction with ample upside to profitability and synergy targets. Key deal metrics of 1.8x trailing sales and...
-
Goldman Sachs Suggests Buying Calls on Eaton (ETN)
Tuesday, February 8, 2011 - 10:13am | 137Goldman Sachs is out with a trade idea this morning, where its analysts suggest buying calls on Eaton Corp. (NYSE: ETN) ahead of the company's analyst day on February 25th. They believe that this presentation will lead to upward estimate revisions. Goldman Sachs Multi-Industry analyst, Terry...
-
Jefferies Raises PT On Danaher To $60
Tuesday, February 8, 2011 - 7:51am | 27Jefferies & Company has raised the price target on Danaher Corporation (NYSE: DHR) from $54 to $60 and maintains its Buy rating.
-
Notable Weakness in Small Caps 02-07-2011
Monday, February 7, 2011 - 7:26pm | 884Cusick's Corner This market continued to hold up into the close with most of the major averages closing near the highs. However, there was some notable weakness in the Small Caps, IWM, which is a development to keep an eye on. I have referred to these high beta Small Caps as the proverbial canary...