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EnPro Industries Acquires Rome Tool & Die
Thursday, January 13, 2011 - 5:10pm | 62EnPro Industries (NYSE: NPO) has acquired the assets of Rome Tool and Die, Inc., a leading supplier of steel brake shoes to the North American heavy-duty truck market. The business will become part of the brake products group of Stemco, an EnPro Industries company. The acquisition was completed for...
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ITT Trading Lower Today
Thursday, January 13, 2011 - 3:00pm | 26ITT (NYSE: ITT) is trading lower today. At last check, ITT was trading at $60.10, down 2.28% from yesterday's close.
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1-13-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, January 13, 2011 - 1:26pm | 4092Chip Cutter, AP Business Writer Stocks dip after unemployment applications rise Stocks fall after government says more people applied for unemployment benefits last week NEW YORK (AP) — Stocks fell slightly Thursday after the government said more people applied for unemployment benefits last week...
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J.P. Morgan Upgrades PH To Overweight, Raises PT To $97
Thursday, January 13, 2011 - 11:22am | 153J.P. Morgan is raising its YE 2011 PT on Parker-Hannifin Corporation (NYSE: PH) to $97 and is upgrading its rating on the stock to Overweight from Neutral. “In addition, if history is any predictor, we expect investors to rotate out of high-beta cyclicals into more diversified, lower beta names...
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Citigroup Raises ITT Target To $66 From $55
Thursday, January 13, 2011 - 11:12am | 127In a recent report, Citigroup says that it views the proposed ITT Corporation (NYSE: ITT) break-up “as a capitulating but nonetheless decisive move by CEO Steve Loranger and team to unlock the value in ITT that had been saddled with an imbalanced 55% exposure to defense.” “Prior to this...
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Longbow Increases Its Price Target on II-VI, Cooper Industries, Timken, TTM Tech (IIVI, CBE, TKR, TTMI)
Thursday, January 13, 2011 - 10:36am | 63Longbow increases its price target on the following companies: II-VI (NASDAQ: IIVI) from $48 to $54. Cooper Industries (NYSE: CBE) from $60 to $70. Timken (NYSE: TKR) from $55 to $60. TTM Tech (NASDAQ: TTMI) from $20 to $22.
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Jefferies Initiates FLS At Buy, $160 PT
Thursday, January 13, 2011 - 10:35am | 99Jefferies is initiating coverage of Flowserve Corporation (NYSE: FLS) with a Buy rating and $160 PT. “FLS materially leveraged the upturn in capital spending in its end-markets last decade,” Jefferies writes. “Operating EPS nearly doubled each year from 2004 to 2008. Its earnings performance in the...
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ITT Corp. to Split into Three - Analyst Blog
Thursday, January 13, 2011 - 10:31am | 585ITT Corporation (ITT), with the unanimous consent of its board of directors, has decided to divide into three separately trading public companies. ITT Corp.'s water-related businesses and its Defense & Information Solutions segment will be segregated into two different companies, with its...
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ITT Corp. to Split into Three - Analyst Blog
Thursday, January 13, 2011 - 10:00am | 585ITT Corporation (ITT), with the unanimous consent of its board of directors, has decided to divide into three separately trading public companies. ITT Corp.'s water-related businesses and its Defense & Information Solutions segment will be segregated into two different companies, with its...
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Benzinga's Top Downgrades (G, ATHR, ITT, PIR)
Thursday, January 13, 2011 - 9:09am | 135Genpact Limited (NYSE: G) was downgraded by JP Morgan from "neutral" to "underweight." G's shares closed at $15.67 yesterday. Genpact's PEG ratio is 1.33. Atheros Communications Inc (NASDAQ: ATHR) was downgraded by Jefferies from "buy" to "hold." ATHR's stock closed at $44.70 yesterday. Atheros...
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Pentair Declares Quarterly Cash Dividend of $0.20
Thursday, January 13, 2011 - 9:04am | 37Directors of Pentair, Inc. (NYSE: PNR) declared a regular quarterly cash dividend of 20 cents per share payable February 11, 2011 to shareholders of record at the close of business on January 28, 2011.
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Citigroup Raises PT On ITT Corporation
Thursday, January 13, 2011 - 8:18am | 26Citigroup has raised the price target on ITT Corporation (NYSE: ITT) from $55 to $66 and maintains its Hold rating.
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SunTrust Downgrades ITT To Neutral
Thursday, January 13, 2011 - 8:09am | 39Analysts at SunTrust downgrade ITT Corporation (NYSE: ITT) from “buy” to “neutral.” ITT shares surged 16.52% to close at $61.50 yesterday. More Analyst Ratings here
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Jefferies Initiates Flowserve At Buy
Thursday, January 13, 2011 - 8:07am | 24JEfferies & Company has initiated coverage on Flowserve (NYSE: FLS) with a Buy rating and $160 price target.
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Jefferies Initiates FLS With Buy
Thursday, January 13, 2011 - 7:22am | 49Analysts at Jefferies initiate coverage of Flowserve Corporation (NYSE: FLS) with a “buy” rating. The target price for FLS is set to $160. FLS shares rose 0.93% to close at $120.12 yesterday. More Analyst Ratings here