Month: August 2011

We are maintaining our Neutral recommendation on Human Genome Sciences Inc. ( HGSI ) with a target price of $16.00. Human Genome, founded in 1992 and based in Rockville, Maryland, is a biopharmaceutical company […]

We are maintaining our long-term Neutral recommendation for Rowan Companies Inc. ( RDC ). The company’s strategic initiatives as well as improving fundamentals in the North Sea keep us optimistic, with a volatile macro backdrop along with operational hindrances being dampeners. […]

We reiterate our Neutral recommendation on BRE Properties Inc. ( BRE ) as we expect the stock to perform in line with the broader market. The company reported second quarter 2011 funds from operations (FFO) of $34.9 million or 49 cents per share versus $28.9 million or 46 cents per share in the year-earlier quarter […]

Videogame developer and publisher, Electronic Arts Inc. ( ERTS ), popularly known as EA, recently launched its successful franchise The Sims on Facebook. The Facebook version of the game is called The Sims Social . […]

The U.S. Energy Department's weekly inventory release showed a slightly larger-than-expected build-up in natural gas supplies, as declining temperatures led to a considerable drop in consumption of natural gas for power generation. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activity or events. […]

Dollar Tree Inc. ( DLTR ) posted strong fiscal 2011 second-quarter earnings of 77 cents a share, up 26.2% from the year-ago earnings of 61 cents a share, ahead of the Zacks Consensus Estimate of 75 cents a share. Quarterly Details Dollar Tree’s total revenue grew 11.9% in the quarter to $1,542.4 million from $1,377.9 million in the prior-year quarter. […]

Merck & Co. Inc. ( MRK ) and Ariad Pharmaceuticals Inc […]

General Dynamics ( GD ) teamed up with major defense contractors and received a contract worth $439.7 million for the technology development of the U.S. Army's Ground Combat Vehicle (“GCV”) Infantry Fighting Vehicle (“IFV”) program. The U.S […]

Raytheon Company ( RTN ) is developing a Service-Oriented Architecture (SOA) that enables rapid integration of weapons and sensors with a framework that is capable of providing unmanned aircraft systems (“UAS”). Service-Oriented Architecture organizes discrete functions contained in enterprise applications. These are interoperable, standard-based services that can be combined and reused quickly to meet business needs […]

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation ( PCG ), has entered into a 25-year Power Purchase Agreement with enXco. Per the deal, PG&E will purchase the power generated from the Shiloh IV Wind Project owned, built and developed by enXco. […]

WellPoint Inc. ( WLP ) spent $1.3 million on lobbying in the second quarter of 2011, up 17% from the year-ago quarter, but a 3% decline from the first quarter of the year. Most of the lobbying was centered on the health-care overhaul bill announced by the U.S […]