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IFF Raises Quarterly Dividend 15% to $0.31 from $0.27
Tuesday, July 26, 2011 - 11:29am | 109International Flavors & Fragrances Inc. (NYSE: IFF) announced that its Board of Directors has authorized an increase in the Company's quarterly cash dividend, raising it 15 percent from $0.27 to $0.31. The increased quarterly dividend of $0.31 per share will be paid on October 5, 2011 to all...
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The Next Big Breakout Stock
Tuesday, July 26, 2011 - 10:52am | 202Shares of Arrowhead Research Corp. (NASDAQ: ARWR) are trading higher on the session by 1.92%, at $0.53. The name has been consolidating above $0.50 for the past week following a spike higher, where ARWR touched $0.69. The 20-day moving average has begun to tick higher and higher; a 20/50 upside...
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Market Movers Update
Tuesday, July 26, 2011 - 9:43am | 227Winners: Sino-Forest (OTC: SNOFF) is trading up over 18.50%. Lexmark (NYSE: LXK) is trading up almost 18.50% after the company reported earnings. Sanmina-SCI (NASDAQ: SANM)is trading up over 17% after reporting earnings. Volterra Semiconductor (NASDAQ: VLTR) is trading up over 14% after reporting...
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UPDATE: Bank of America Merrill Lynch Lowers PO on Ecolab to $62
Tuesday, July 26, 2011 - 7:30am | 106Bank of America Merrill Lynch is out with its report today on Ecolab (NYSE: ECL), lowering its PO from $68 to $62. In a note to clients, Bank of America Merrill Lynch writes, "To reflect a longer pathway to regaining prior valuation multiples (e.g., mid-2012), we are lowering our price objective...
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Bank of America Lowers PO On Ecolab To $62
Tuesday, July 26, 2011 - 6:23am | 27Bank of America has lowered the price objective on Ecolab (NYSE: ECL) from $69 to $62 and maintains its Buy rating.
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Puts Purchased on Ferro
Monday, July 25, 2011 - 12:15pm | 113Shares of Ferro (NYSE: FOE) are higher on the session by 0.14%, currently trading at $14.06. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August...
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Deutsche Bank Reports On PT Change Of Cytec Industries
Monday, July 25, 2011 - 11:58am | 38According to Deutsche Bank, Cytec Industries (NYSE: CYT) PT is increased. Deutsche Bank has increased their PT from $65 to $67 and rating is set to Buy. Cytec closed on Friday at $57.45.
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Cameron International Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Monday, July 25, 2011 - 11:45am | 601Cameron International (NYSE: CAM) unveils its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Cameron International's second quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of 64 cents per share and revenues of $1.65...
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Citi Revises EPS Estimates And PT For Cytec
Monday, July 25, 2011 - 10:00am | 44According to Citi, Cytec Industries (NYSE: CYT), PT and EPS estimates are revised. Citi has reported an increase in the PT from $63 to $64 as well as EPS decreases from $3.45 to $3.43 in 2011. Cytec closed on Friday at $57.45.
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Jefferies Decreases PT On Rockwell Collins
Monday, July 25, 2011 - 9:18am | 45According to Jefferies, Rockwell Collins (NYSE: ROC), PT is lowered. Jefferies reported a decrease in the PT of Rockwell Collins from $68 to $63. EPS estimates remain unchanged and Hold rating is maintained. Rockwell Collins closed on Friday at $57.41.
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Citi Increases EPS and PT of ALB
Monday, July 25, 2011 - 9:00am | 49According to Citi, Albemarle Corp (NYSE: ALB), PT and ALB are revised. Citi reported an increase in the EPS estimates for ALB from $4.32 to $4.62 in FY11. PT is increased from $80 to $81 and Buy rating is reiterated. ALB closed on Friday at $66.89.
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Morning Market Movers
Monday, July 25, 2011 - 8:46am | 130Seven Arts Pictures PLC (NASDAQ: SAPX) climbed 52.99% to $2.05 at 9:45 am. SAPX shares have jumped 431.75% over the past 52 weeks, while the S&P 500 index has gained 21.98% in the same period. Altair Nanotechnologies Inc (NASDAQ: ALTI) shares advanced 28.70% to $1.39. ALTI had closed on a...
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Altair Nanotechnologies Closes Canon Investment Transaction
Monday, July 25, 2011 - 8:31am | 192Altair Nanotechnologies Inc. (NASDAQ: ALTI) today announced it had closed on a Share Subscription Agreement with Canon Investment Holdings Limited (Canon), through its affiliate, Energy Storage Technology (China) Group Limited (EST). Under the terms of the agreement, Altairnano issued 37,036,807...
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UPDATE: Jefferies Raises PT on Cytec to $67
Monday, July 25, 2011 - 7:59am | 70Jefferies is out with its report today on Cytec (NYSE: CYT), raising its PT from $64 to $67. In a note to clients, Jefferies writes, "Excluding $0.19 in restructuring, Q2 EPS of $0.92 was $0.03 above our estimate and $0.02 above consensus. We are raising 2011E $0.10 to $3.30 and 2012E $0.30 to $4....
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JP Morgan Reiterates Overweight on Albemarle, Raises PT to $80
Monday, July 25, 2011 - 6:50am | 47JP Morgan reiterated its Overweight rating on Albemarle (NYSE: ALB). At the same time, the rating agency raised its price target on the company's stock from $70 to $80. On Friday, ALB lost 4.32% of its value to end the day at $66.89.