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KeyBanc Reinstates Koppers Holdings Coverage: Hold
Thursday, September 1, 2011 - 3:23pm | 96KeyBanc Capital Markets reinstated its Koppers Holdings (NYSE: KOP) coverage with a Hold rating in a research report published today. In the report, KeyBanc states, "KOP's dominant market position in its core businesses and leverage toward global growth in primary aluminum production are positives...
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Monday's Investor Idea: The Smart TV Market
Tuesday, August 30, 2011 - 3:54pm | 762POINT ROBERTS, Aug. 29, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on Monday's trading idea, consumer electronics stocks in the Smart TV/ Connected TV market . The market penetration is showing rapid growth globally and presents an...
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Market Update
Monday, August 22, 2011 - 8:43am | 156Shares of Patrick Industries Inc (NASDAQ: PATK) fell about 1.4% after the company appointed John A. Forbes to its Board of Directors, effective August 18, 2011. Shares of Westlake Chemical Corp (NYSE: WLK) rose about 3.3% after the company announced its plans to buy back as much as $100 million of...
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Westlake Chemical Announces $100M Share Repurchase Program; Declares a 16% Increase in Quarterly Dividends
Monday, August 22, 2011 - 5:49am | 75The board of directors of Westlake Chemical Corporation (NYSE: WLK) on Friday authorized the company to repurchase up to $100 million in shares of its common stock. The board also declared on Friday a dividend of 7.375 cents per share, payable on September 13, 2011, to stockholders of record on...
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Pre-Market Losers; Cincinnati Bell Down 13%
Friday, August 19, 2011 - 8:23am | 113Cincinnati Bell (NYSE: CBB) -13.18% Aeropostale (NYSE: ARO) -12.97% on disappointing same store sales data. Nordson Corporation (NASDAQ: NDSN) -10.39% on disappointing earnings and guidance. DexCom (NASDAQ: DXCM) -8.94% on heavy volume. Advantage Oil & Gas (NYSE: AAV) -8.93% on heavy...
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UPDATE: J.P. Morgan Lowers PT on Westlake Chemical to $49
Friday, August 12, 2011 - 6:44am | 81J.P. Morgan is out with its report today on Westlake Chemical (NYSE: WLK), lowering its PT to $49 from $60. In its report, J.P. Morgan writes, "We rate Westlake Overweight. WLK trades at 4.2x EV/EBITDA for 2012 versus a peer range of 3.1x-5.3x. Our December 2012 price target of $49 reflects a 5.0x...
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JP Morgan Lowers PT On Westlake Chemical To $49
Friday, August 12, 2011 - 5:23am | 27JP Morgan has lowered the price target on Westlake Chemical (NYSE: WLK) from $60 to $49 and maintains its Overweight rating.
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Top 4 Stocks In The Pollution & Treatment Controls Industry With The Highest Operating Margin
Friday, August 12, 2011 - 2:34am | 113Below are the top pollution & treatment controls stocks in terms of operating margin. The trailing-twelve-month operating margin at Duoyuan Global Water Inc (NYSE: DGW) is 32.21%. DGW's ROE for the same period is 14.48%. The trailing-twelve-month operating margin at RINO International...
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Innophos Holdings, Inc. Announces Share Buyback Program of Up to $50 Million
Thursday, August 11, 2011 - 7:10am | 151Innophos Holdings, Inc. (NASDAQ: IPHS) today announced that its board of directors has authorized a repurchase program for Company common stock of up to $50 million. Under the program, shares will be repurchased from time to time at management's discretion, either through open market transactions...
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News Summary for August 11, 2011
Thursday, August 11, 2011 - 6:53am | 648This is your Benzinga news summary and traders' outlook for Thursday, August 11, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after a 500 point drop in the Dow yesterday. At last check, Dow...
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Bank Of America Downgrades CE To Neutral
Wednesday, August 10, 2011 - 7:33am | 122Bank of America, in spite of strong 2Q numbers from the company, is downgrading its rating on Celanese Corp. (NYSE: CE) from Buy to Neutral, but is maintaining its $50 price target on the stock. According to Bank of America, “In connection with our reassessment of risk within the chemicals sector...
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Bank of America Downgrades Celanese To Neutral, Lowers PO To $50
Wednesday, August 10, 2011 - 5:29am | 29Bank of America has downgraded Celanese Corporation (NYSE: CE) from Buy to Neutral and has lowered the price objective from $67 to $50.
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Crude Reverses From Fibonacci Extension: Resistance Near 90
Tuesday, August 9, 2011 - 10:19am | 454Weekly Bars Prepared by Jamie Saettele, CMT Crude has reversed sharply from the 100% extension of the decline from the May high. Longer term focus is on lower levels, including the 2010 low at 67.17 and 161.8% extension at 59.76 but a sharper recovery is expected near term back to 88.16-89....
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Deutsche Bank Updates 8/8
Monday, August 8, 2011 - 5:42am | 535Deutsche Bank made a number of updates in a research report published today. Magna International (NYSE: MGA) had its rating reiterated at Hold. At the same time, its price target was reduced from $57 to $55. On Friday, MGA lost 10.92% of its value to end the day at $39.42....
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UPDATEL JP Morgan Lowers PT on Georgia Gulf from $29 to $20
Friday, August 5, 2011 - 8:00am | 104J.P. Morgan has published a research report on Georgia Gulf (NYSE: GGC) raising estimates and lowering the price target $9. In the report, J.P. Morgan wrote, "We raised our 2011 EPS estimate from $2.00 to $2.35 to reflect better than expected second quarter results (+$0.32/share) and lower...