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ADA-ES Says Air Toxics Rule Expected to Create Significant Growth for Its Products
Wednesday, March 16, 2011 - 1:52pm | 129ADA-ES, Inc. (NASDAQ: ADES) today announced that it expects significant growth in markets for its products and services as a result of the proposed Mercury and Air Toxics Standards released by the Environmental Protection Agency today. The Air Toxics Rule will require over 1100 existing and new...
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International Flavors & Fragrances Sets Long-Term Goals During Investor Meeting, Oppenheimer Maintains Perform
Wednesday, March 16, 2011 - 8:00am | 167Oppenheimer has published a research report on International Flavors & Fragrance (NYSE: IFF) after the company hosted an investor meeting and displayed its long-term goal plans. In the report, Oppenheimer writes "In its Investor Meeting, IFF set long-term goals to grow local currency sales by...
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Gabelli Comments On Lubrizol Monday Agreement
Wednesday, March 16, 2011 - 7:51am | 138In a report published by Gabelli, Lubrizol (NYSE: LZ) announced an agreement Monday to be acquired for $135 per share, or $9.7 bn (including $700 mm of net debt including a recent acquisition and Minority interests) in an all-cash transaction. Gabelli said that the proposed transaction is valued...
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Gabelli Comments On Int'l Flavors & Fragrances Analyst Day
Wednesday, March 16, 2011 - 7:42am | 143In a report published by Gabelli, Int'l Flavors & Fragrances (NYSE: IFF) overall market, its strategy and opportunities for growth was reviewed during its analyst day in NYC yesterday. Gabelli said that IFF expects 1Q and 2011 results to be in-line with long-term targets of 4%+ organic revenue...
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UPDATE: J.P. Morgan Color On IFF EPS Projections
Wednesday, March 16, 2011 - 7:01am | 157J.P. Morgan, which raised its PT on shares of International Flavors & Fragrances Inc. (NYSE: IFF). J.P. Morgan has raised its 2011 EPS estimate from $3.60 to $3.75 “and we lifted our 2012 EPS forecast from $3.90 to $4.10.” “Our initial 2013 EPS projection is $4.50,” J.P. Morgan writes. “We rate...
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JP Morgan Raises PT On IFF TO $60
Wednesday, March 16, 2011 - 6:18am | 30JP Morgan has raised the price target on International Flavors & Fragrances (NYSE: IFF) from $53 to $60 and maintains its Neutral rating.
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KeyBanc Downgrades Lubrizol To Hold
Tuesday, March 15, 2011 - 8:27am | 196In a report published by KeyBanc, Lubrizol (NYSE: LZ) maintains a solid track record of earnings growth, strong free cash flow generation and top tier specialty chemical operating margins. KeyBanc said that it is downgrading its rating on LZ from BUY to HOLD given the recent offer by Berkshire...
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Deutsche Bank Raises PT On Lubrizol To $140
Tuesday, March 15, 2011 - 6:42am | 28Deutsche Bank has raised the price target on Lubrizol (NYSE: LZ) from $120 to $140 and maintains its Hold rating.
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IFF Expects EPS to Grow 10% in Q1
Tuesday, March 15, 2011 - 6:33am | 141International Flavors & Fragrances Inc. (NYSE: IFF) announced that the Company's senior executives will offer their perspective on IFF's long-term business strategy and financial objectives at an investor meeting today in New York City. IFF expects to achieve long-term financial goals of four...
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J.P. Morgan Comments On Berkshire Hathaway's Acquisition Of Lubrizol
Tuesday, March 15, 2011 - 6:27am | 197In a report published by J.P. Morgan, Lubrizol (NYSE: LZ) is to be acquired by Berkshire Hathaway and the price target is increase to $135 from $117. J.P. Morgan said that it believes that it is worthwhile to place the Berkshire proposal to acquire Lubrizol into longer- and shorter-term contexts...
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ADA-ES Announces Annual Shareholders Meeting and Reorganization
Monday, March 14, 2011 - 3:29pm | 227ADA-ES, Inc. (NASDAQ: ADES) today announced that it will hold its annual meeting of shareholders at 9:00 a.m. on May 25, 2011 at the Pinehurst Country Club, located at 6255 W. Quincy Avenue, Denver, Colorado. At the meeting, ADA shareholders will be asked, among other things, to consider and vote...
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Morning Market Movers (LZ, KSP, CIGX, MPAC)
Monday, March 14, 2011 - 9:04am | 166Lubrizol Corporation (NYSE: LZ) jumped 27.23% to $134.15 at 10:00 am. Berkshire Hathaway Inc (NYSE: BRK-A) announced its plans to acquire 100% of outstanding shares of LZ for $135 per share in cash, representing a 28% premium over LZ's closing price on Friday. K-Sea Transportation Partners LP (...
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A Peek Into The Market Before The Trading Starts
Monday, March 14, 2011 - 6:30am | 424Pre-open moversUS stock futures are lower this morning following strong drop in Japanese markets after Friday's strong earthquake. Futures on the Dow Jones Industrial Average dipped 48 points to 11,955.00 and futures on the S&P 500 index fell 5.80 points to 1,295.40. Nasdaq 100 futures dropped...
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US Stock Futures Down After Strong Losses For Japanese Equities; Berkshire Hathaway To Buy Lubrizol For $135 per share
Monday, March 14, 2011 - 5:43am | 373US stock futures are lower this morning following strong drop in Japanese markets after Friday's strong earthquake. Futures on the Dow Jones Industrial Average dipped 28 points to 11,975.00 and futures on the S&P 500 index fell 2.70 points to 1,298.50. Nasdaq 100 futures dropped 10.75 points to...
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Berkshire Hathaway To Buy Lubrizol For $9.7 Billion
Monday, March 14, 2011 - 5:15am | 176Berkshire Hathaway Inc (NYSE: BRK-A) announced its plans to acquire 100% of outstanding shares of Lubrizol Corporation (NYSE: LZ) for $135 per share in cash. Berkshire Hathaway will buy LZ for $9.7 billion, including about $0.7 billion in net debt. The purchase price represents a 28% premium over...