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Benzinga's Top Upgrades (BLL, CRNT, ARG, AA)
Monday, January 3, 2011 - 8:23am | 136Ball Corporation (NYSE: BLL) was upgraded by BofA/Merrill from "neutral" to "buy." BLL's shares closed at $68.05 on Friday. Ball's trailing-twelve-month ROE is 34.17%. Analysts at RBC Capital upgrade Ceragon Networks Ltd (NASDAQ: CRNT) from "sector perform" to "outperform." CRNT's shares closed at...
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A Peek Into The Market Before The Trading Starts
Wednesday, December 29, 2010 - 7:57am | 616Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average index gained 13 points to 11,522, while those for the S&P 500 index gained 1.6 points to 1,256. Futures for the Nasdaq 100 index moved up 5.75 points to 2,231. A Peek Into Global Markets...
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Goldman Neutral On Graham Packaging Company Inc. (GRM)
Wednesday, December 29, 2010 - 7:34am | 286Goldman Sachs has a Neutral rating and a $14 price target on shares of Graham Packaging Company Inc. (NYSE: GRM). In a note sent to clients, Goldman writes, "We recently hosted Graham Packaging (GRM) senior management for a day of meetings with investors in New York. Our takeaways from the meetings...
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Silgan to Acquire - Analyst Blog
Friday, December 17, 2010 - 12:03pm | 706Silgan Holdings Inc. (SLGN) has agreed to purchase the food can business of Vienna, Austria-based Vogel & Noot Holding for 250 million euros (approximately $335 million). The transaction is expected to be modestly accretive to Silgan's 2011 earnings. The transaction is expected to close in...
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Silgan to Acquire - Analyst Blog
Friday, December 17, 2010 - 11:45am | 706Silgan Holdings Inc. (SLGN) has agreed to purchase the food can business of Vienna, Austria-based Vogel & Noot Holding for 250 million euros (approximately $335 million). The transaction is expected to be modestly accretive to Silgan's 2011 earnings. The transaction is expected to close in...
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Benzinga's Top Downgrades (BYD, CHRW, THC, BLL)
Friday, December 17, 2010 - 8:41am | 139Boyd Gaming Corporation (NYSE: BYD) was downgraded by BMO Capital from "market perform" to "underperform." BYD's shares closed at $9.70 yesterday. Boyd Gaming's PEG ratio is -5.45. RW Baird downgraded C.H. Robinson Worldwide Inc (NASDAQ: CHRW) from “outperform” to “neutral.” CHRW's stock closed at...
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Credit Suisse Downgrades BLL To Neutral
Friday, December 17, 2010 - 7:30am | 48Analysts at Credit Suisse downgrade Ball Corporation (NYSE: BLL) from “outperform” to “neutral.” The target price has been reduced from $71 to $69. BLL shares gained 0.57% to close at $68.77 yesterday. More Analyst Ratings here
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Goldman Sachs Maintains Neutral Rating Following Silgan Holdings Acquisition
Thursday, December 16, 2010 - 7:37am | 117On the news that Silgan Holdings (NASDAQ: SLGN) has entered into an agreement to purchase Vogel & Noot Holding AG, a European food can producer, Goldman Sachs said that it is maintaining its estimates. “We rate SLGN shares Neutral as we prefer Ball Corporation (NYSE: BLL) and Crown Holdings,...
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News Summary
Wednesday, December 15, 2010 - 9:55am | 190Shares of Joy Global Inc (NASDAQ: JOYG) gained about 6% after the company reported upbeat FQ4 results. The company's earnings came in at $1.39 per share, up from $1.20 per share, in the year-earlier period. The company's sales rose 8.9% y/y to $1.05 billion. However, analysts expected earnings of $...
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Silgan to Acquire Vogel and Noot for $335M
Wednesday, December 15, 2010 - 8:41am | 111Silgan Holdings Inc. (Nasdaq: SLGN) today announced that is has entered into a definitive purchase agreement with Vogel & Noot Holding AG to purchase its food can business. Vogel & Noot, headquartered in Vienna, Austria, currently operates 12 food can manufacturing facilities throughout...
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Owens-Illinois Expands in China - Analyst Blog
Tuesday, December 14, 2010 - 1:33pm | 574Owens-Illinois Inc. (OI) has entered into an agreement to acquire the glass container manufacturing business of Hebei Rixin Glass Group Co. Ltd. in northern China, which includes two plants. This deal, on closing, will more than double Owens-Illinois' capacity in China, catapulting it to the...
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Owens-Illinois Expands in China - Analyst Blog
Tuesday, December 14, 2010 - 1:00pm | 574Owens-Illinois Inc. (OI) has entered into an agreement to acquire the glass container manufacturing business of Hebei Rixin Glass Group Co. Ltd. in northern China, which includes two plants. This deal, on closing, will more than double Owens-Illinois' capacity in China, catapulting it to the...
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Crown Holdings, Inc. Elects James H. Miller to Its Board
Monday, December 13, 2010 - 8:43am | 36Crown Holdings, Inc. (NYSE: CCK) announced today that power industry executive James H. Miller has been elected to the Company's Board of Directors. The Board now has 11 members.
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Ball Corp to Buy Aerocan - Analyst Blog
Thursday, December 9, 2010 - 5:03pm | 820Ball Corporation (BLL) announced the acquisition of Aerocan, a European manufacturer of aluminum aerosol cans and bottles, for approximately 221 million euros ($292.1 million) from Barclays Private Equity, including assumption of debt and other liabilities. The company expects the after-tax...
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Ball Corp to Buy Aerocan - Analyst Blog
Thursday, December 9, 2010 - 4:43pm | 820Ball Corporation (BLL) announced the acquisition of Aerocan, a European manufacturer of aluminum aerosol cans and bottles, for approximately 221 million euros ($292.1 million) from Barclays Private Equity, including assumption of debt and other liabilities. The company expects the after-tax...