Trading Companies & Distributors

Oppenheimer has raised the price target on Watsco, Inc. (NYSE: WSO) from $70 to $76 and maintains its Outperform rating.

Dahlman Rose is out with a research report this morning, where it reiterates its Buy rating on Fly Leasing Limited (NYSE: FLY); it has a $16.50 price target on the stock. The DR analysts cited the company's recent announcement that it has purchased 1.0 million shares in a private transaction....

Yesterday after the close, TAL International (NYSE: TAL) announced a 5 million share common stock offering consisting of 2.5 million primary shares and 2.5 million secondary shares. The selling stockholders intend to grant the underwriters a greenshoe of 750,000 shares. TAL intends to use the...

TAL International Group, Inc. (NYSE: TAL) announced today that, subject to market and other conditions, it intends to offer up to 2,500,000 shares of its common stock and certain stockholders of the Company intend to offer an aggregate of 2,500,000 shares of the Company's common stock in a...

FLY Leasing Limited (NYSE: FLY) today confirmed that on March 8, 2011 it repurchased 1,035,438 shares of its stock for $11.925 per share in a privately negotiated transaction. FLY repurchased the shares utilizing its unrestricted cash. The shares were repurchased outside of the existing share...

Watsco, Inc. (NYSE: WSO) today announced that it has executed a definitive agreement with Carrier Corporation (NYSE: UTX) to form a joint venture that will include Carrier Corporation's company-operated HVAC distribution network in the northeast United States. Also, Watsco has been granted early...

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that for the fourth quarter ended December 31, 2010 it earned net income of $5.9 million, or $0.39 per fully diluted share. Sequentially, earnings per share improved 8.3% from $0.36 per fully diluted share, or $5.3 million in net income for the...

Analysts at KeyBanc initiate coverage of H&E Equipment Services Inc (NASDAQ: HEES) with a “hold” rating. HEES shares fell 3.01% to close at $17.10 yesterday. More Analyst Ratings here

Guess? Inc (NYSE: GES) is projected to report its Q4 EPS at $1.06 on revenue of $725.90 million. China Nepstar Chain Drugstore Ltd (NYSE: NPD) is expected to report its Q4 EPS at $0.03 on revenue of $94.37 million. CLARCOR Inc (NYSE: CLC) is projected to report its Q1 earnings at $0.42 per share...

KeyBanc Capital Markets initiated H&E Equipment Services (NASDAQ: HEES) coverage today, giving H&E Equipment Services a Hold rating. In a report, KeyBanc states, "Historically, HEES's Equipment Rental and Service segments have been the primary contributors to gross profit, driving 62% of...

KeyBanc Capital Market initiated coverage on United Rentals (NYSE: URI) with a Buy rating and $42 price target in a research report published this afternoon. In the report, KeyBanc Capital Markets states, "Like other large rental firms, URI is pursuing larger ticket, national/industrial customers...

Oppenheimer met with W.W Grainger (NYSE: GWW) management and discussed the mechanics of ongoing strategies and initiatives supporting growth and margin expansion opportunities. Margin drivers are diverse, including systematic execution on driving mix benefits from expansion of private-label global...

Houston Wire & Cable Company (NASDAQ: HWCC) announced operating results for the fourth quarter ended December 31, 2010. Record sales of $93.5 million Fully diluted earnings per share (EPS) were $0.16

Pre-open moversUS stock futures are lower this morning following a 10.55% drop in Japanese Nikkei Average on reports that radiation was leaking from a Fukushima Daiichi nuclear-power plant. Futures for the Dow Jones Industrial Average tumbled 215 points to 11,711.00 and futures on the S&P 500...

WESCO International, Inc. (NYSE: WCC) today announced that it has acquired the business of RECO, LLC, headquartered in Cincinnati, Ohio. RECO, with annual sales of approximately $25 million, is a Siemens automation, controls and electrical distributor, with six branches located in the midwest...