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UPDATE: Oppenheimer Downgrades Albemarle to Underperform
Tuesday, August 16, 2011 - 7:06am | 108Oppenheimer is out with its report today on Albemarle (NYSE: ALB), downgrading ALB to Underperform from Perform. In its report, Oppenheimer writes, "We are downgrading ALB to Underperform from Perform, with potential downside to the $35-$40/range, or roughly where the stock traded last year. Our...
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Benzinga's Top Downgrades
Tuesday, August 16, 2011 - 6:43am | 121Albemarle Corp (NYSE: ALB) was downgraded by Oppenheimer from "perform" to "underperform." ALB's shares closed at $59.45 yesterday. Albemarle's trailing-twelve-month ROA is 10.86%. Brean Murray downgraded Tri-Tech Holding Inc (NASDAQ: TRIT) from “buy” to “hold.” TRIT's stock closed at $5.35...
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Oppeneheimer Downgrades Albemarle To Underperform, Removes PT
Tuesday, August 16, 2011 - 5:13am | 25Oppenheimer has downgraded Albemarle (NYSE: ALB) from Perform to Underperform and has removed its previous price target.
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Sensient Technologies Corporation Announces Extension of CEO's Employment Contract
Monday, August 15, 2011 - 10:11am | 90Sensient Technologies Corporation (NYSE: SXT) announced today that the employment contract of Kenneth P. Manning has been amended to extend his term of employment as Chairman and Chief Executive Officer through December 31, 2013. Prior to this extension, Mr. Manning's employment agreement with the...
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Gabelli Has Buy On Minerals Technologies
Monday, August 15, 2011 - 7:52am | 92Gabelli & Co. is out with a research report on Minerals Technologies Inc (NYSE: MTX) and it has a Buy rating on shares. In a note to clients, Gabelli & Co. writes, "While 2011 is a pivotal year with anticipated flat results with 2010, we estimate that the long-term potential for MTX is...
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Jefferies Upgrades Ecolab To Buy, Raises PT To $58
Monday, August 15, 2011 - 4:36am | 27Jefferies & Company has upgraded Ecolab (NYSE: ECL) from Hold to Buy and has raised the price target from $53 to $58.
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Jefferies Downgrades Cytec Industries To Hold, Lowers PT To $47
Monday, August 15, 2011 - 4:35am | 28Jefferies & Company has downgraded Cytec Industries (NYSE: CYT) from Buy to Hold and has lowered the price target from $67 to $47.
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Options Brief: Rockwood Holdings
Friday, August 12, 2011 - 9:56am | 72Shares of Rockwood Holdings (NYSE: ROC) are lower on the session by 0.22%, trading at $50.39. Overall call volume is now running at 6.49x the daily average, with 0% of all calls traded being purchases on the offer. 6,096 contracts have traded on the session so far. Rockwood Holdings, Inc. is a...
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UPDATE: J.P. Morgan Upgrades Valspar to Overweight
Friday, August 12, 2011 - 7:15am | 123J.P. Morgan is out with its report today on Valspar (NYSE: VAL), upgrading VAL to Overweight from Neutral. In its report, J.P. Morgan writes, "We upgrade our investment rating for Valspar from Neutral to Overweight. Valspar is an excellent company now available at an attractive price. Assuming 12...
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JP Morgan Upgrades Valspar To Overweight, Lowers PT To $33
Friday, August 12, 2011 - 6:00am | 27JP Morgan has upgraded Valspar (NYSE: VAL) from Neutral to Overweight and has lowered the price target from $38 to $33.
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Pritchard Upgrades ADA-ES To Buy, Raises PT To $18
Friday, August 12, 2011 - 5:29am | 28Pritchard Capital Partners has upgraded ADA-ES (NASDAQ: ADES) from Neutral to Buy and has raised the price target from $10 to $18.
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UPDATE: Deutsche Bank Upgrades Ecolab from Hold to Buy
Wednesday, August 10, 2011 - 8:24am | 133Deutsche Bank has published a report on Ecolab (NYSE: ECL) upgrading the company from Hold to Buy. In the report, Deutsche Bank wrote, "Our meeting this week with CEO Doug Baker increased our confidence that Ecolab's proposed $7.5B acquisition of Nalco has the potential to be a growth accelerant...
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J.P. Morgan Lowers PT To $61 On IFF
Wednesday, August 10, 2011 - 7:14am | 119J.P. Morgan has lowered its price target on International Flavors and Fragrances (NYSE: IFF) from $65 to $61 to coincide with lowered estimates on the company. In the report, J.P. Morgan states, “We are trimming our 2011 EPS estimate from $3.90 to $3.85 to reflect higher than previously forecasted...
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UPDATE: Bank of America Merrill Lynch Downgrades Albemarle to Underperform
Wednesday, August 10, 2011 - 7:00am | 118Bank of America Merrill Lynch is out with its report today on Albemarle (NYSE: ALB), downgrading ALB to Underperform from Buy. In its report, Bank of America Merrill Lynch writes, "Our rating moves to Underperform from Buy. Our constructive thesis has been predicated on two pillars: ongoing...
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Benzinga's Top Upgrades
Wednesday, August 10, 2011 - 6:34am | 121FBR Capital upgraded ProLogis Inc (NYSE: PLD) from “market perform” to “outperform.” PLD's shares closed at $27.59 yesterday. ProLogis' trailing-twelve-month operating margin is 20.05%. Robert W. Baird upgraded Woodward Inc (NASDAQ: WWD) from “neutral” to “outperform.” WWD's shares closed at $27....