NEW YORK, April 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
General Electric Company (NYSE: GE), Deere & Company (NYSE:
DE), Raytheon Co. (NYSE: RTN), Illinois Tool Works Inc. (NYSE:
ITW), and L-3 Communications Holdings Inc. (NYSE: LLL). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
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General Electric Company Analyst Notes
On March 31, 2014, General
Electric Company (GE) reported that it has signed a new seven-year
Global Frame Agreement with PETRONAS, Malaysia's leading Oil & Gas Corporation.
According to GE, the agreement requires supply of gas turbine
packages for PETRONAS' onshore and offshore projects in
Malaysia and other countries
around the world and includes an option for renewal for a further
three years. Another significant achievement was the award of
PETRONAS' Floating LNG project, which is targeted to be the world's
first offshore LNG plant. Designed to produce 1 million tons of LNG
a year, the startup of the facility is scheduled for 2016.
Commenting on the development, Lorenzo
Simonelli, CEO of GE Oil & Gas, said, "GE is committed
to reinforcing our strong, long-term partnership and collaboration
with PETRONAS. This new agreement allows us to be more closely
aligned with PETRONAS so that we can better anticipate their
technology needs and streamline the delivery process." The full
analyst notes on General Electric Company are available to download
free of charge at:
http://www.AnalystsReview.com/04032014/GE/report.pdf
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Deere & Company Analyst Notes
On March 27, 2014, Deere &
Company (John Deere) announced the introduction of new, larger
grapples and enhanced heavy-duty axle upgrades for the 648H and
748H models. The Company informed that the new options offer
improved productivity and longer axle life making it easier to move
more wood, more reliably. Brandon O'Neal, Product Marketing
Manager at John Deere Construction & Forestry, commented,
"The new larger grapples and enhanced heavy-duty axle upgrades for
the 648H and 748H Skidders give our customers more flexibility than
ever when configuring a machine that best fits their business
needs." The full analyst notes on Deere & Company are available
to download free of charge at:
http://www.AnalystsReview.com/04032014/DE/report.pdf
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Raytheon Co. Analyst Notes
On March 26, 2014, Raytheon Co.
(Raytheon) announced its intentions to shift its Garland, Texas, operations to a new modern
office complex to be built at the CityLine development in
Richardson, Texas. The Company
informed that it will occupy 489,000 square feet in three buildings
located near the intersection of President George Bush Turnpike and
North Central Expressway (US 75). Raytheon will begin shifting in
Q4 2015, depending upon how the construction of the new site pans
out. Commenting on the development, Lynn
Dugle, President of Raytheon Intelligence, Information and
Services (IIS), said, "Moving our Garland operations to this state-of-the-art
facility in Richardson, Texas,
will provide an outstanding modern work environment for our 1,700
employees and visitors and will allow for expansion as our business
grows." The full analyst notes on Raytheon Co. are available to
download free of charge at:
http://www.AnalystsReview.com/04032014/RTN/report.pdf
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Illinois Tool Works Inc. Analyst Notes
On March 31, 2014, shares of
Illinois Tool Works Inc. (ITW) edged 0.71% higher, closing the day
at $81.33. During the session, the
Company's shares opened at $81.10 and
vacillated in the range of $81.00 -
$81.22. A total of 2.26 million shares changed hands during
the day. The shares are trading near the 52-week high of
$84.32. Over the previous three
trading sessions, shares of ITW increased 0.82%, underperforming
the NYSE Composite which increased 1.63% during the same period. In
February 2014, ITW struck a deal with
the private equity firm - Carlyle Group LP, which agreed to buy out
ITW's industrial packaging unit for $3.2
billion. The deal marked a step towards, the Company's
stated goal of divesting a quarter of its businesses in terms of
revenue. The full analyst notes on Illinois Tool Works Inc. are
available to download free of charge at:
http://www.AnalystsReview.com/04032014/ITW/report.pdf
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L-3 Communications Holdings Inc. Analyst Notes
On March 31, 2014, L-3
Communications Holdings Inc. (L-3) announced the conversion option
for holders of the $689.4 million
outstanding principal amount of its 3% Convertible Contingent Debt
Securities (CODES) due 2035 at a conversion price of approximately
$89.08 per share. The Company
informed that the CODES are convertible because the closing price
of shares of the Company's common stock, for at least 20 trading
days during the 30 consecutive trading-day period ending on
March 28, 2014 (the last trading day
of the previous fiscal quarter), was greater than 120% of the then
current conversion price of the CODES (Trading Price Condition).
The holders' rights to convert their securities pursuant to the
Trading Price Condition begins March 31,
2014 and ends at 5:00 p.m.
New York City time, on
June 27, 2014. L-3 will settle the
entire conversion payment obligation with respect to converted
CODES, if any, in cash. The full analyst notes on L-3
Communications Holdings Inc. are available to download free of
charge at:
http://www.AnalystsReview.com/04032014/LLL/report.pdf
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