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Hudson Securities Raises Graco PT To $46, Maintains Buy (GGG)
Wednesday, February 2, 2011 - 10:55am | 138Hudson Securities raised its Graco (NYSE: GGG) price target to $46 from $3 and maintained Graco's Buy rating in a research report published today. In the report, Hudson Securities states, "The new paint sprayer product continues to drive top-line growth although the strength of this product has...
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Oppenheimer Gives Color On Pentair Following Earnings Release
Wednesday, February 2, 2011 - 8:58am | 160Pentair (NYSE: PNR) shares surged 3% as 2011 margin commentar y for 100 bps+ of margin expansion appears increasingly confident. Incremental margins for 2010 were approximately 23%, but adjusted for about $50M of employee cost reinstatements were at the mid 30% level by Oppenheimer's calculation....
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BofA/Merrill Downs KMT To Neutral
Wednesday, February 2, 2011 - 8:20am | 50Analysts at BofA/Merrill downgrade Kennametal Inc (NYSE: KMT) from “buy” to “neutral.” The target price for KMT has been lowered from $49 to $47. KMT shares gained 1.67% to close at $41.28 yesterday. More Analyst Ratings here
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Top 4 Large-Cap Stocks In The Industrial Goods Sector With The Highest EPS Estimates (PCP, ETN, DE, GD)
Wednesday, February 2, 2011 - 4:54am | 149Below are the top large-cap industrial good stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next quarter. The earnings estimate for Precision Castparts Corporation (NYSE: PCP) for the next quarter ending June, 2011 is $2.00 per share. PCP's trailing-twelve-month operating...
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NASDAQ Stocks Hitting 52-Week Highs (KLIC, ICUI, MNTX, NVLS)
Tuesday, February 1, 2011 - 11:27am | 127Kulicke and Soffa Industries Inc (NASDAQ: KLIC) shares gained 8.21% to create a new 52-week high of $10.55. KLIC posted better-than-expected Q1 results. ICU Medical Inc (NASDAQ: ICUI) shares reached $42.18 to create a new 52-week high, before falling to $42.01, representing a 7.55% gain. ICUI...
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Sanofi, Genzyme May Reach Deal in One Week (SNY, GENZ)
Tuesday, February 1, 2011 - 9:54am | 232Sanofi-Aventis (NYSE: SNY) and Genzyme (NASDAQ: GENZ) have agreed to a deal in principle, and the deal may actually be finalized in a week, according to the Wall Street Journal. Genzyme has previously rejected the $69 per share offer for the company, and wanted closer to $80 per share, but...
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J.P. Morgan Raises ITW CY'11 EPS
Tuesday, February 1, 2011 - 9:30am | 81J.P. Morgan is raising its EPS estimate on Illinois Tool Works (NYSE: ITW). “We are raising our CY'11 EPS from $3.64 to $3.78, on the back of Q4 actuals,” J.P. Morgan writes. “Our model assumes organic growth of 7%; total growth of 13%; operating margins of 15.7% and total incremental margins (not...
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Sterne Agee Raises ITW EPS Estimates; Target Goes To $64
Tuesday, February 1, 2011 - 9:28am | 154Sterne Agee is raising its Illinois Tool Works (NYSE: ITW) FY2011 and FY2012 EPS to $3.75 and $4.30 from $3.65 and $4.00, respectively, factoring in a lower tax rate (29.5% vs. 31%), and continuing operating leverage in Power Systems (15.5% revenue and 21.3% operating margin vs. 10.4% and 20.4%...
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Jefferies Reiterates Buy Rating On ITW
Tuesday, February 1, 2011 - 9:20am | 97Jefferies is reiterating its Buy rating on Illinois Tool Works (NYSE: ITW). “A higher than expected 2011 sales outlook was muted by cost/price headwinds (that should dissipate through the year) but resulted in an earnings outlook that was in-line with consensus,” Jefferies writes. “Base...
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A Record of How in a Single Day We Created More Actionable and Valuable Stock Research than 20 Sell Side Analyst Teams Over a Month
Tuesday, February 1, 2011 - 1:16am | 1896Model Portfolio Daily Update: January 31, 2011 Subscribers log in for the full report: This content is for members only. New Actions Required: None Of Note: Our 25-stock theoretical long portfolio issued to clients on December 31 presaged 45 major positive upgrades by more than 20 sell side...
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Fast Money Pops & Drops, February 1st (YHOO, BGP, CBS, MMI, PLL)
Monday, January 31, 2011 - 8:50pm | 280Brian Kelly said on CNBC's Fast Money Pops & Drops that Yahoo! Inc. (NASDAQ: YHOO) got upgraded today, and the stock jumped 1.83%. He added that this was all about valuation. Borders Group, Inc. (NYSE: BGP) dropped 14.01% in the regular session, and Joe Terranova was not surprised. He said that...
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Pall Corp. and Entegris - Zacks #1 Rank Top Performers
Monday, January 31, 2011 - 6:24pm | 1105Pall Corporation (PLL) was easily the top-performing Zacks #1 Rank company on Monday, but it had nothing to do with earnings season. Last Friday, this filtration equipment company announced that its CEO will be retiring soon, which has at least one analyst believing that a merger or acquisition of...
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Flow International Announces New Chairman of Board
Monday, January 31, 2011 - 5:47pm | 50Flow International Corporation (Nasdaq: FLOW) today announced that Jerry L. Calhoun has been appointed Chairman of the Board, replacing Kathryn L. Munro, whose final term as director expires in September 2011. Ms. Munro has served as a director since 1996 and as Chair since 2002.
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Lincoln Electric Acquires Arc Products
Monday, January 31, 2011 - 5:20pm | 59Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired substantially all of the assets of Arc Products, a privately-held manufacturer of orbital welding systems and welding automation components based in Southern California. Arc Products has annual sales of...
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Timken Q4 Better Than Expected; Moves to GAAP EPS
Monday, January 31, 2011 - 3:14pm | 192A report released today by Wunderlich Securities describes the better-than-anticipated Q4 results of The Timken Company (NYSE: TKR). Reported revenue and GAAP EPS of $1.071 billion and $0.91, respectively, were higher than the Street's estimates of $987 million and $0.72, respectively. The...