Lufkin Industries sees FY12 EPS $3.90-$4.20 vs. consensus $4.30
Sees FY12 revenue $1.2B-$1.25B vs. consensus $1.24B. Earnings in 2012 are anticipated to be impacted by the accounting treatment of future non-cash pension liabilities of 16c per diluted share, resulting from the combination of unprecedented low interest rates and the current conditions in investment markets. :theflyonthewall.com
Lufkin Industries upgraded to Buy from Neutral at SunTrust
SunTrust believes Lufkin's acquisition of Quinn's Oilfield Supply improves its overall reach given bundling opportunities. Price target is $100. :theflyonthewall.com