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Deutsche Bank Reports on Ferro
Tuesday, May 31, 2011 - 6:44am | 154Deutsche Bank commented on Ferro (NYSE: FOE) in a report released today. In the report, Deutsche Bank was positive in its assessment of the company. Deutsche Bank writes, "With Ferro shares down 25% since the Q1 release in late April, Ferro is now the cheapest stock in specialty chemicals at 4.6x...
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Deutsche Bank Upgrades Ferro To Buy, $15 PT
Tuesday, May 31, 2011 - 5:00am | 24Deutsche Bank has upgraded Ferro (NYSE: FOE) from HOld to Buy and maintains its $15 price target.
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Jefferies Comments On Innovations From ECL
Wednesday, May 25, 2011 - 7:05am | 86Jefferies, citing innovations showcased at the NRA show this week, is maintaining its Hold rating, along with its $53 price target on Ecolab Inc. (NYSE: ECL). In the report, Jefferies writes, “CEO Doug Baker and Christophe Beck, SVP & GM- Institutional North America Full Service Restaurants,...
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RPM International Announces $150 Million Note Offering
Tuesday, May 24, 2011 - 3:16pm | 94RPM International Inc. (NYSE: RPM) announced today that it agreed to sell $150 million aggregate principal amount of its 6.125% Notes due October 15, 2019 pursuant to the provisions of an Underwriting Agreement dated May 24, 2011 among RPM and Merrill Lynch, Pierce, Fenner & Smith Incorporated...
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A. Schulman Board Extends Chairman, President and Chief Executive Officer Joseph M. Gingo's Employment Agreement to 2014
Monday, May 23, 2011 - 3:06pm | 124A. Schulman, Inc. (Nasdaq: SHLM) today announced that its Board of Directors has extended Joseph M. Gingo's employment agreement by two years, to December 31, 2014. Gingo will continue to serve as the Company's Chairman, President and Chief Executive Officer. His previous contract was set to...
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Puts Purchased on W.R. Grace & Co.
Monday, May 23, 2011 - 11:45am | 129Shares of W.R. Grace & Co. (NYSE: GRA) are lower on the session by 2.35%, currently trading at $44.05. The stock has been moving largely higher over the past SIX months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Top 4 Stocks In The Cleaning Products Industry With The Highest Operating Margin
Monday, May 23, 2011 - 12:06am | 129Below are the top cleaning products stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Church & Dwight Company Inc (NYSE: CHD) is 17.22%. CHD's ROE for the same period is 15.12%. The trailing-twelve-month operating margin at Darling...
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Calls Purchased on Sigma-Aldrich Corporation
Friday, May 20, 2011 - 12:09pm | 119Shares of Sigma-Aldrich Corporation (NASDAQ: SIAL) are higher on the session by 0.01%, currently trading at $69.91. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the...
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UPDATE: Morgan Stanley Raises PT on International Flavors & Fragrances to $70
Friday, May 20, 2011 - 7:04am | 74Morgan Stanley is out with its report today on International Flavors & Fragrances (NYSE: IFF), raising its PT from $60 to $70. In a note to clients, Morgan Stanley writes, "Strong 1Q gives more conviction in the positive outlook. IFF is outperforming expectations for sales growth and margin...
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Morgan Stanley Raises PT on IFF To $70
Friday, May 20, 2011 - 6:05am | 28Morgan Stanley has raised the price target on International Flavors & Fragrances (NYSE: IFF) from $60 to $70 and maintains its Overweight rating.
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Arch Chemicals Closes on New $375 Million Five-Year Revolving Credit Facility
Wednesday, May 18, 2011 - 8:08am | 50Arch Chemicals, Inc. (NYSE: ARJ) announced today that it has successfully completed a new unsecured five-year $375 million credit facility which replaced its unsecured $350 million credit facility that was scheduled to expire in June 2011. The new facility will be used for general purposes.
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KeyBanc Capital Initiates Coverage On Quaker Chemical: Buy, $50 PT
Monday, May 16, 2011 - 3:47pm | 140KeyBanc Capital initiated coverage on Quaker Chemical (NYSE: KWR) with a Buy rating and $50 price target in a research report published today. In the report, KeyBanc Capital states, " Our BUY rating is underpinned by our belief that KWR: 1) is a quality specialty chemical company that has largely...
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Earnings Roundup For May 16 (LOW, JCP, FXCM, MTU, VAL, VIT, SIHI, SORL, ESLT, TTT)
Monday, May 16, 2011 - 7:47am | 498Lowe's Companies (NYSE: LOW) reported a 5.7% decline in its fiscal first-quarter net income. The company's quarterly profit dropped to $461 million, from $489 million, in the year-ago period. Its earnings per share came in at $0.34 per share. Its shares outstanding dropped 7.8% to 1.33 billion. The...
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A. Schulman Announces Plans for $100M Stock Buyback
Monday, May 16, 2011 - 7:30am | 94A. Schulman, Inc. (Nasdaq: SHLM) today announced that its Board of Directors has approved a new share repurchase program under which the Company is authorized to repurchase up to $100 million of its common stock in the open market or in privately negotiated transactions, subject to market and...
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10 Stocks I am Watching This Week
Sunday, May 15, 2011 - 11:51pm | 116Futures are pointing down, at the moment, but a lot can change between now and the open. Either way, I've provided you below with 10 trading setups - 5 of which are to the long side and the other 5 are to the short side. Let's make it a great week! LONG: Ecolab (ECL) LONG: Take-Two Interactive...