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UPDATE: Citi Raises PT on Roper Industries to $89
Thursday, July 14, 2011 - 8:36am | 94Citi is out with its report today on Roper Industries (NYSE: ROP), raising its PT from $88 to $89. In a note to clients, Citi writes, "The full-year impact of the Northern Digital acquisition should be about 10c. Our new 2012/2013 estimates are $4.85/$5.40 vs consensus of $4.68/$5.33. The higher...
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Capstone Turbine Corporation Receives Third Service Blanket Order Valued at $8.6 Million From Petroleos Mexicanos (PEMEX)
Thursday, July 14, 2011 - 8:33am | 150Capstone Turbine Corporation (Nasdaq: CPST) today announced that it received another comprehensive fleet-wide service blanket order with Petroleos Mexicanos (PEMEX), the fourth largest crude oil producer in the world. Capstone has received service blanket orders from PEMEX since 2007 for fleet-wide...
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Oshkosh Defense to Supply 400 Additional M-ATVs to U.S. Forces
Thursday, July 14, 2011 - 8:33am | 171Oshkosh Defense, a division of Oshkosh Corporation (NYSE: OSK), will build and deliver an additional 400 MRAP All-Terrain Vehicle (M-ATV) base variants with integrated underbody protection following an order from the U.S. Army TACOM Life Cycle Management Command. This delivery order was announced...
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Benzinga's Top Pre-Market Losers
Thursday, July 14, 2011 - 8:31am | 122Marriot International (NYSE: MAR) dipped 5.09% to $35.25 in the pre-market session. MAR projects earnings of $1.35 to $1.43 per share for the full year, versus analysts' estimates of $1.42 per share. Hartford Financial Services Group Inc (NYSE: HIG) moved down 4.22% to $24.52 in the pre-market...
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Goldman Sachs Upgrades Caterpillar to Neutral
Thursday, July 14, 2011 - 8:28am | 61Goldman Sachs upgraded its rating on Caterpillar (NYSE: CAT) from no rating to Neutral. At the moment, Goldman has a price target of $128 placed on the company's stock. On Wednesday, CAT added 1.6% to its value to end the day at $108.64. Its shares continued to climb in today's pre-market trading,...
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JP Morgan Lowers Estimates on JetBlue
Thursday, July 14, 2011 - 8:27am | 81“JetBlue Airways Corporation (NASDAQ: JBLU) June RASM of 8% fell toward the low end of guidance, implying 2Q RASM of 13.4% (recall, previous guidance 13-15% range) vs. our 15% estimate. Holding other inputs constant, this reduces our 2QE EPS from $0.13 to $0.11 vs. consensus of $0.10,” JP Morgan...
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Stifel Nicolaus Initiates EnerSys At Buy, $45 PT
Thursday, July 14, 2011 - 8:26am | 24Stifel Nicolaus has initiated coverage on EnerSys (NYSE: ENS) with a Buy rating and $45 price target.
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JP Morgan Reduces Southwest Airlines Estimates
Thursday, July 14, 2011 - 8:24am | 85JP Morgan is reducing its estimates on shares of Southwest Airlines Co. (NYSE: LUV). “LUV June RASM of 5% (excluding AAI) implies 2Q RASM of 6.7% vs. our 8.9% estimate. Holding other inputs constant (as LUV does not provide late-quarter cost guidance), this reduces our 2QE EPS from $0.26 to $0.20...
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JP Morgan Raises Alaska Air Group Estimates
Thursday, July 14, 2011 - 8:23am | 113JP Morgan is raising its estimates on shares of Alaska Air Group, Inc. (NYSE: ALK). “Following the release of June traffic figures and revised 2Q guidance, we are raising our Q2 estimate from $2.21 to $2.43 vs. $2.39 consensus,” JP Morgan writes. “Consolidated ex-fuel CASM is now expected to...
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The GEO Group Announces $100M Stock Repurchase Program
Thursday, July 14, 2011 - 8:20am | 94The GEO Group (NYSE: GEO) announced today that its Board of Directors has approved a stock repurchase program of up to $100.0 million of GEO's common stock effective through December 31, 2012. The stock repurchase program will be funded primarily with cash on hand, free cash flow, and borrowings...
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Hudson Technologies Announces Joint Venture Agreement to Establish Hudson Technologies Europe
Thursday, July 14, 2011 - 8:19am | 373Hudson Technologies, Inc. (NASDAQ: HDSN) announced that it has entered into a joint venture agreement with Europe-based Safety Hi-Tech S.r.l. and the owners of the Italian engineering firm Banini-Binotti Associates, for the development of reclamation, remediation and energy optimization services...
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J.P. Morgan Maintains Neutral on Knight Transportation
Thursday, July 14, 2011 - 8:05am | 116J.P. Morgan is out with its report on Knight Transportation (NYSE: KNX), maintaining Neutral. In a note to clients, J.P. Morgan writes, "We continue to have a positive view of the truckload pricing cycle which should provide a constructive backdrop for KNX. However, based on the performance in 1Q...
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Wunderlich Reiterates Buy on Republic Services
Thursday, July 14, 2011 - 7:58am | 115Wunderlich is out with its report today on Republic Services (NYSE: RSG), reiterating Buy. In a note to clients, Wunderlich writes, "We reiterate our Buy rating and $37 target on Republic Services. The waste business has high barriers to entry. The industry's recent consolidation results in RSG...
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Miners Trading Higher Pre-Market
Thursday, July 14, 2011 - 7:45am | 126Precious metal mining stocks are broadly higher in pre-market trading, as gold and silver continue to rally. North American Palladium (NYSE: PAL) is up over 4.50%. First Majestic Silver (NYSE: AG) is up near 4.50%. Great Panther Silver (NYSE: GPL) is up over 4.60%. Silvercorp Metals (NYSE: SVM...
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Genesee & Wyoming Inc. Reports Traffic for June 2011 and the Second Quarter of 2011
Thursday, July 14, 2011 - 6:54am | 90Genesee & Wyoming (NYSE: GWR) today reported traffic volumes for June 2011 and the second quarter of 2011. GWI's traffic in June 2011 was 84,999 carloads, an increase of 10,071 carloads, or 13.4 percent, compared with June 2010. GWI's traffic in the second quarter of 2011 was 249,508 carloads...