Trading Companies & Distributors

Piper Jaffray, which upgraded shares of Watsco Inc. (NYSE: WSO), is providing some color on the stock. “With the exception of California (7% of branches), Watsco's top 10 states in terms of branches (~82% of branches) have all experienced significant departures from normal temps,” Piper Jaffray...

Piper Jaffray has upgraded Watsco (NYSE: WSO) from Underweight to Neutral and has raised the price target from $62 to $69.

Lawson Products, Inc. (NASDAQ: LAWS) was awarded a three-year contract to supply all of the Utah Transit Authority's fastener needs. As per the agreement, Lawson Products will provide a minimum of 2,500 different fastener products including bolts, hex head cap screws, miniature fasteners, nuts,...

At 10:10 am, the Dow fell 0.62% to 12,001.37, the broader Standard & Poor's 500 index moved down 0.55% to 1,280.85 and the NASDAQ composite index dropped 0.41% to 2,667.73. The industries that are still afloat in the market today are: Building Materials Wholesale: This industry jumped 0.82%...

Piper Jaffray, citing a stronger than expected annual roofing season, is raising its price target slightly on Beacon Roofing Supply (NASDAQ: BECN), from $21 to $22. In its report, Piper Jaffray writes, “We are adjusting estimates and our price target (from $21 to $22) to reflect a stronger than...

Aceto Corporation (Nasdaq: ACET) today issued a letter to its shareholders, providing them with a strategic update regarding the focus and future plans for the Company. The full draft of the shareholder letter follows: We write to you today to share our view, mine and that of the Board of...

Piper Jaffray has raised the price target on Beacon Roofying Supply (NASDAQ: BECN) From $21 to $22 and maintains its Neutral rating.

Kaman Corporation (NASDAQ: KAMN) announced today the completion of the re-pricing of its senior secured credit facilities, comprised of a $275 million revolving credit facility and a $39 million term loan facility. The re-priced facilities will initially have a reduced interest rate of LIBOR plus...

Grainger (NYSE: GWW) today reported sales results for the month of May 2011. Daily sales increased 11 percent versus May 2010. Results for the month included a 1 percentage point positive contribution from acquisitions and a 2 percentage point contribution from foreign exchange. Excluding...

Shares of Visa Inc (NYSE: V) dropped about 0.5% after the company announced its plans to acquire South Africa's Fundamo, a leading platform provider of mobile financial services, for around $110 million in cash. It also signed a long-term agreement with Monitise plc (OTC: MONIF). The transaction is...

Mitsui & Co Ltd (OTC: MITSY) agreed to buy a 9% stake in shale gas fields in Poland from Marathon Oil Corporation (NYSE: MRO). The company did not comment on financial terms of the deal. Marathon Oil will lower its stake to 51%. In April, MRO announced that Canadian producer Nexen Inc (NYSE:...

Piper Jaffray has raised the price target on Fastenal Company (NASDAQ: FAST) from $34 to $35 and maintains its Neutral rating.

Electro Rent Corporation (NASDAQ: ELRC) announced today that the company's Board of Directors has increased its regular quarterly cash dividend by more than 33% to $0.20 per common share from $0.15 per common share. This is the second increase since the company initiated its dividend payment in...

According to Dahlman Rose, Textainer Group Holdings (NYSE: TGH) Buy rating is reiterated. Dahlman Rose said that it is reiterating its Buy rating and $42 price target on the common shares of Textainer. “TGH is the largest container leasing company with 2.4 million TEU and 19% of the world's market...

On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he would take profits in Chipmos Technologies (NASDAQ: IMOS) and move on. Chipmos Technologies (IMOS) spiked 10.62% today, and it closed at $9.79. Cramer is bullish on TAL International Group, Inc. (NYSE: TAL). He thinks that anything...