Company News for June 10, 2011 - Corporate Summary
June 10 2011 - 5:10AM
Zacks
• On Thursday, 3M Company (NYSE:MMM) said it has
concluded an agreement to buy manufacturer of quick cure, aircraft
sealants Advanced Chemistry & Technology. The acquisition will
enhance and expand 3M's product availability in the aerospace
market
• Evergreen Energy Inc. (NYSE:EEE) said it has
completed the formation of its venture with Australian listed
mineral resources company WPG Resources. K-Fuel is Evergreen's coal
upgrading technology
• Titan Machinery Inc. (NASDAQ:TITN) reported Q1
EPS of $0.40, ahead of the Zacks Consensus Estimate of $0.23 per
share. Revenues grew 54.9% year-over-year to $318.2 million, easily
surpassing the Zacks Consensus Estimate of $245.0 million
• The J. M. Smucker Company (NYSE:SJM) reported
Q4 EPS of $1.00 ex-items, marginally above the Zacks Consensus
Estimate of $0.98 per share. Revenue for the quarter grew 11%
year-over-year to $1.19 billion, higher than the Zacks Consensus
Estimate of $1.155 billion
• Lazard Capital upgraded Concho Resources Inc.
(NYSE:CXO) to “Buy” rating from “Neutral” rating with a target
price of $110.00
• UBS AG (NYSE:UBS) upgraded Elan Corp, plc.
(NYSE:ELN) to “Buy” rating from “Neutral” rating with a target
price of $12.78
• Rodman & Renshaw upgraded Hollysys
Automation Technologies Ltd (NASDAQ:HOLI) to “Outperform” rating
from “Market perform” rating
• Barclays Capital upgraded Macy’s, Inc. (NYSE:M)
to “Overweight” rating with a target price of $35.00 on the shares
of the retailer
• Argus upgraded The Medicines Company
(NASDAQ:MDCO) to “Buy” rating from “Hold” rating with a target
price of $25.00
• Stifel Nicolaus upgraded NASDAQ OMX Group, Inc.
(NASDAQ:NDAQ) to “Buy” rating from “Hold” rating with a target
price of $28.00
• Shares of BJ’s Wholesale Club, Inc. (NYSE:BJ)
were downgraded by Barclays Capital to “Equal weight” rating,
citing the move as a valuation call
• Shares of BRF Brasil Foods (NASDAQ:BRFS) were
downgraded by Raymond James to “Underperform” rating from a “Market
perform” rating
• Shares of Walt Disney (NYSE:DIS) were
downgraded by Davenport to “Neutral” rating from “Buy” rating with
a target price of $42.00, down from $50.00
• Barclays Capital downgraded Hanesbrands
(NYSE:HBI) from “Overweight” rating to “Equal weight” rating,
citing the move as valuation call
BJ'S WHOLESALE (BJ): Free Stock Analysis Report
BRF-BRASIL FOOD (BRFS): Free Stock Analysis Report
CONCHO RESOURCS (CXO): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
EVERGREEN EGY (EEE): Free Stock Analysis Report
ELAN CP PLC ADR (ELN): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
HOLLYSYS AUTOMT (HOLI): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
MEDICINES CO (MDCO): Free Stock Analysis Report
3M CO (MMM): Free Stock Analysis Report
NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report
SMUCKER JM (SJM): Free Stock Analysis Report
TITAN MACHINERY (TITN): Free Stock Analysis Report
UBS AG (UBS): Free Stock Analysis Report
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