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February 20, 2013
04:55 EDTBWA, BWA, AVY, AVY, CMI, CMI, DHR, DHR, UNP, UNP, HON, HON, MTZ, MTZ, SPR, SPR, WSO, WSOBarclays to host a conference
Industrial Select Conference is being held in Miami on February 20-21.
News For BWA;AVY;CMI;DHR;UNP;HON;MTZ;SPR;WSO From The Last 14 Days
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November 25, 2015
10:04 EDTWSOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Carnival (CCL) initiated with a Buy at HSBC... Diversified Restaurant (SAUC) initiated with a Neutral at Citi... Lennox (LII) initiated with a Hold at Stifel... Lindblad Expeditions (LIND) initiated with a Buy at Citi... (NTES) initiated with a Buy at Goldman... Noodles & Company (NDLS) initiated with a Buy at Citi... NuStar GP Holdings (NSH) initiated with an Equal Weight at Barclays... Regal-Beloit (RBC) initiated with a Hold at Stifel... Roper Technologies (ROP) initiated with a Buy at Stifel... Ruth's Hospitality (RUTH) initiated with a Neutral at Citi... SPX FLOW (FLOW) initiated with an Equal Weight at Morgan Stanley... SemGroup (SEMG) initiated with an Overweight at Barclays... Verifone (PAY) initiated with an Overweight at Piper Jaffray... Watsco (WSO) initiated with a Buy at Stifel.
06:49 EDTWSOWatsco initiated with a Buy at Stifel
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November 23, 2015
12:26 EDTHONCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
10:21 EDTDHRDanaher management to meet with Jefferies
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November 19, 2015
07:30 EDTWSO, HONUBS to hold a conference
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November 18, 2015
12:02 EDTBWABorgWarner has de-risked set up into Detroit Auto Show, analyst says
Shares of BorgWarner (BWA), a global automotive industry components and parts supplier, are gaining after Goldman Sachs analyst Patrick Archambault upgraded the company to Buy from Neutral citing the 35% pullback in shares since the March 3 peak and improving China sales. WHAT'S NEW: Archambault, who maintained a $54 price target on BorgWarner shares, said in a note to investors that the auto parts maker has de-risked the set up into the Detroit Auto Show in January in the wake of its recent guide down for 2015 and pull forward of backlog cut announcement. The company may get to mid-to-high single digit growth even with a backlog cut and improving China sales "may even point to some upside," the analyst continued. WHAT'S NOTABLE: On November 10, BorgWarner finalized its acquisition of Remy International, a manufacturer of rotating electrical components such as alternators, starter motors and electric traction motors for the automotive and commercial vehicle industry. "With this acquisition, the complementary combination of technologies and global operations will strengthen BorgWarner's product leadership position," said BorgWarner President and Chief Executive Officer James Verrier. On October 30, RBC Capital downgraded BorgWarner to Sector Perform from Outperform with a $45 price target on shares. Analyst Joseph Spak said BorgWarner's story is transitioning from a growth story to GARP as it enters a mid-single digit growth phase, and expects the shareholder base will likely churn and credibility has to be rebuilt. PRICE ACTION: Shares of BorgWarner are advancing 4.79%, or $1.94, to $42.55 in midday trading. OTHERS TO WATCH: Other companies in the space including Lear (LEA), Delphi Automotive (DLPH) and Magna International (MGA) are trading higher in midday trading.
10:00 EDTBWAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Apple (AAPL) upgraded to Conviction Buy from Buy at Goldman... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... Cognex (CGNX) upgraded to Buy from Hold at Canaccord... FARO Technologies (FARO) upgraded to Buy from Hold at Canaccord... Lazard (LAZ) upgraded to Strong Buy from Outperform at Raymond James... LendingClub (LC) upgraded on valuation, positive outlook at Sterne Agee CRT... Middleby (MIDD) upgraded to Outperform from Market Perform at BMO Capital... Perrigo (PRGO) upgraded to Buy from Neutral at B. Riley... RE/MAX Holdings (RMAX) upgraded to Market Perform from Underperform at JMP Securities... Sally Beauty (SBH) upgraded to Buy from Neutral at Goldman... Shopify (SHOP) upgraded to Outperform from Market Perform at Raymond James... TASER (TASR) upgraded to Buy from Neutral at Ladenburg... USG (USG) upgraded to Buy from Neutral at Northcoast.
05:43 EDTBWABorgWarner upgraded to Buy from Neutral at Goldman
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November 17, 2015
17:32 EDTUNPNorfolk Southern spikes after Canadian Pacific proposes merger
Shares of railroad operator Norfolk Southern (NSC) are spiking in the after-hours after rival Canadian Pacific (CP) announced that it has sent an offer letter to Norfolk Southern proposing a business combination. WHAT'S NEW: After the close of trading on Tuesday, Canadian Pacific proposed a business combination with Norfolk Southern "that would create a transcontinental railroad with the scale and reach to deliver improved levels of service to customers and communities while enhancing competition and creating significant shareholder value." Canadian Pacific noted that the proposal reflects a "sizable premium in cash and stock offered to NS shareholders." The combined company would have a potential for faster earnings growth than either of the companies independently, CP noted, while offering unparalleled customer service and competitive rates to shippers." The combined company would innovate a new approach to terminal access that would allow another carrier to operate from a point of connection in the event the combined company failed to provide adequate service or competitive rates. The combination of NS and CP would provide a solution to "bottleneck pricing" and alleviate congestion in Chicago by channeling rail traffic away from Chicago. WHAT'S NOTABLE: According to a Globe and Mail report from earlier Tuesday, Keith Creel the COO of Canadian Pacific, who was speaking at a transportation conference, said rail mergers are inevitable but the executive "refused" to confirm past reports that the railroad operator was in talks to acquire rival Norfolk Southern. ANALYST VIEW: ON November 12, research firm BB&T said it believes there are many scenarios in which a merger between Canadian Pacific and Norfolk Southern would benefit both companies. The firm said that Norfolk Southern shareholders would get a 20%-30% premium above the stock's current level, while Canadian Pacific's potential revenue growth issues would be solved and its 2018 EPS would be boosted by 20% plus. PRICE ACTION: Shares of Norfolk Southern are up 6.9% to $93.00, while Canadian Pacific shares are unchanged. OTHERS: Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Genesee & Wyoming (GWR), Kansas City Southern (KSU) and Union Pacific (UNP).
November 16, 2015
18:42 EDTHONHoneywell to power Cessna's new Citation Longitude business jet
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16:43 EDTSPRGreenlight Capital added Apple, sold some SunEdison
Greenlight Capital gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: CNX Coal Resources (CNXC), Garmin (GRMN), Terraform Global (GLBL), and Liberty Global (LILA). INCREASED STAKES: Apple (AAPL), Michael Kors (KORS), Dillard's (DDS), UIL Holdings (UIL), and Twenty-First Century Fox (FOXA). DECREASED STAKES: SunEdison (SUNE), Micron (MU), Voya (VOYA), Applied Materials (AMAT), and SunEdison Semiconductor (SEMI). LIQUIDATED STAKES: Citizens Financial (CFG), Lam Research (LRCX), Spirit AeroSystems (SPR), Hertz (HTZ), and Macy's (M).
10:07 EDTMTZMasTec management to meet with Jefferies
Meetings to be held in Frankfurt/Vienna November 16-17 hosted by Jefferies.
07:03 EDTHONHoneywell acquires Satcom1
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05:45 EDTHONHoneywell Aerospace expects 9,2000 deliveries of new business jets through 2025
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