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Eaton to Acquire ACTOM's Low-Voltage Electrical Business in South Africa
Friday, January 21, 2011 - 9:01am | 50Diversified industrial manufacturer Eaton Corporation (NYSE: ETN) announced today it has reached agreement to acquire ACTOM Ltd.'s low-voltage electrical business in South Africa. Terms of the deal, which are subject to regulatory approvals and other customary closing conditions, were not...
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Jefferies Maintains Hold On Parker Hannifin (NYSE: PH)
Friday, January 21, 2011 - 8:29am | 91Jefferies & Co. is maintaining its Hold rating and $93 price target on shares of Parker Hannifin (NYSE: PH). In a note to clients, Jefferies writes, "Parker has successfully been able to manage through the downturn and as revenues ramp we are seeing margins expand versus the prior cycle...
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RW Baird Ups ETN To Outperform
Friday, January 21, 2011 - 7:02am | 50Analysts at RW Baird upgrade Eaton Corporation (NYSE: ETN) from “neutral” to “outperform.” The target price for ETN has been raised from $96 to $130. ETN shares fell 3.84% to close at $100.21 yesterday. More Analyst Ratings here
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Mad Money Lightning Round OT: Cramer Sees More Upside For DDS (GME, MCD, NKE, ITW, DDS)
Thursday, January 20, 2011 - 8:45pm | 222On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he would sell GameStop Corp. (NYSE: GME), and pick something more traditional, like McDonald's Corporation (NYSE: MCD) or NIKE, Inc. (NYSE: NKE). McDonald's (MCD) fell 0.25% today, NIKE (NKE) dropped 0.71%, while GameStop (GME) added 2.69...
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Pall Corporation Announces Increases Dividend to$.175
Thursday, January 20, 2011 - 6:01pm | 64Pall Corporation (NYSE: PLL) announced today that its board of directors increased the company's quarterly cash dividend to 17½ cents per share, up from 16 cents per share in the previous quarter. This marks the seventh consecutive year that the company has raised its dividend. The dividend is...
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Banks Report More Signs of Stability and Growth
Thursday, January 20, 2011 - 10:39am | 380NEW YORK (AP) -- "Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down and more people are paying the bills on time. One of the nation's largest consumer lenders...
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Goldman Sachs Maintains Neutral Rating, $84 PT On SPW
Thursday, January 20, 2011 - 9:38am | 148Goldman Sachs said that it away from SPX Corporation's (NYSE: SPW) 2011 outlook meeting continuing to believe in the long-term value appeal based on a turn in the power generation cycle, but also seeing a lack of near-term catalysts. “Initial 2011 EPS guidance of $4.20- $4.50 compared to GS/...
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Following Investor Meeting, J.P. Morgan Makes no Changes To SPW Thesis
Thursday, January 20, 2011 - 9:34am | 91J.P. Morgan said that it came away from the SPX Corporation's (NYSE: SPW) annual investor meeting with no change to its thesis and “would view extended weakness as a ‘last chance' at the stock prior to fundamental inflection.” “Putting aside the noise from a well vetted weaker than consensus 1Q (...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, January 20, 2011 - 9:31am | 341Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Altra Holdings Inc (AIMC) Banco Frances (BFR) Banco Macro (BMA) Brooks Automation Inc (BRKS) Citizens & Northern Corp (CZNC) View the entire Zacks #1 Rank List. ALTRA HOLDINGS (AIMC): Free Stock Analysis Report BANCO...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, January 20, 2011 - 9:14am | 341Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Altra Holdings Inc (AIMC) Banco Frances (BFR) Banco Macro (BMA) Brooks Automation Inc (BRKS) Citizens & Northern Corp (CZNC) View the entire Zacks #1 Rank List. ALTRA HOLDINGS (AIMC): Free Stock Analysis Report BANCO...
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Citigroup Raises SPW Target To $83, Reiterates Hold Rating
Thursday, January 20, 2011 - 9:11am | 139Citigroup is raising its PT on SPX Corporation (NYSE: SPW) to $83 (from $71) while reiterating its Hold rating. “We believe it is still too early to buy this name,” Citigroup writes. “Overall there were a number of puts and takes in the update from Hold-rated SPX at its NYC analyst meeting with 74...
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Wuhan General's Subsidiary Wins $0.67M Contract
Thursday, January 20, 2011 - 9:08am | 67Wuhan General Group, Inc. (Nasdaq: WUHN) today announced that on January 4, 2011, Wuhan Blower won a bid from the Wuhan Metro Group Co., Ltd. to supply blowers for the subway systems for a contract price of RMB 4.40 million ($0.67 million). The Company believes this initial order opens the door for...
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IDEX Corporation Acquires Advanced Thin Films
Thursday, January 20, 2011 - 8:58am | 85IDEX Corporation (NYSE: IEX) today announced that it has entered into a definitive agreement to purchase Advanced Thin Films, LLC . ATFilms, with approximately $9 million in revenue, specializes in optical components and coatings for applications in the fields of scientific research, defense,...
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Citigroup Raises PT On SPX Corporation
Thursday, January 20, 2011 - 8:44am | 26Citigroup has raised the price target on SPX Corporation (NYSE: SPW) from $71 to $83 and maintains its Hold rating.
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Sterne Agee Raises Price Target On SPX Corp. (SPW)
Thursday, January 20, 2011 - 8:41am | 208Sterne Agee is raising its price target on shares of SPX Corp. (NYSE: SPW) to $81 from $79, but is keeping its Neutral rating on shares. In a note to clients, Sterne Agee writes, "At its Annual 2011 Investor Outlook meeting in New York, SPX announced preliminary 2011 EPS guidance of $4.20 - $4.50...