Month: May 2013

Downgrades

AQUA AMER INC (WTR) Downgraded by Zacks to NEUTRAL

May 2, 2013 0

Zacks Investment Research downgraded shares of AQUA AMER INC (WTR) from OUTPERFORM to NEUTRAL on May 02, 2013, with a target price of $35.00. Aqua America is the largest publicly-traded U.S.-based water utility serving residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York, South Carolina and Kentucky. The company has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years […]

Downgrades

HMS HLDGS CP (HMSY) Downgraded by Zacks to UNDERPERFORM

May 2, 2013 0

Zacks Investment Research downgraded shares of HMS HLDGS CP (HMSY) from NEUTRAL to UNDERPERFORM on May 02, 2013, with a target price of $23.50. HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day . […]

Upgrades

GREEN PLN RENEW (GPRE) Upgraded by Zacks to OUTPERFORM

May 2, 2013 0

Zacks Investment Research upgraded shares of GREEN PLN RENEW (GPRE) from NEUTRAL to OUTPERFORM on May 02, 2013, with a target price of $13.60. Green Plains Renewable Energy, Inc. is North America's fourth largest ethanol producer, operating six ethanol plants in Indiana, Iowa, Nebraska and Tennessee with a combined expected operating capacity of 480 million gallons of ethanol per year […]

Upgrades

CBEYOND INC (CBEY) Upgraded by Zacks to NEUTRAL

May 2, 2013 0

Zacks Investment Research upgraded shares of CBEYOND INC (CBEY) from UNDERPERFORM to NEUTRAL on May 02, 2013, with a target price of $8.90. Cbeyond is an Atlanta-based managed services provider in the emerging local voice and broadband services market and manages voice over Internet Protocol, facilities-based, private, local phone network. […]

Stock Analysts

T-Mobile Closes MetroPCS Buyout (PCS) (S) (T) (VZ)

May 2, 2013 0

T-Mobile USA has successfully completed the acquisition of MetroPCS Communications, Inc. ( PCS ). MetroPCS has reportedly added 9 million customers to the existing 43 million of T-Mobile USA – a subsidiary of Deutsche Telekom AG and the fourth largest carrier in the U.S. […]

Stock Analysts

The New "Normal" (DIA) (GLD) (SPY)

May 2, 2013 0

I was having a chuckle this morning when Zacks in-house permabear changed his coat. Here is what Sheraz Mian said in his daily commentary this morning: "This earnings performance is not consistent with a stock market in record territory. But it’s not earnings and economic fundamentals driving this rally – it’s cheap money. […]

Stock Analysts

Kellogg Misses, Keeps View (FLO) (JJSF) (K) (PG)

May 2, 2013 0

After delivering positive earnings surprises for the past four quarters, Kellogg Company ( K ) missed the Zacks Consensus Estimate for both earnings and revenues in the first quarter of 2013. Adjusted earnings of 99 cents per share missed the Zacks Consensus Estimate of $1.02 per share by 2.9%. The first-quarter earnings also declined 8.3% from the prior-year quarter’s earnings of $1.08 per share due to higher costs and headwinds from the Venezuela currency devaluation (3 cents) […]

Mergers & Acquisitions

FEV acquires electronics engineering firm DGE Inc.

May 2, 2013 0

FEV acquires electronics engineering firm DGE Inc. FEV says acquisition will significantly enhance its electronics capabilities PR Newswire AUBURN HILLS, Mich., May 2, 2013 AUBURN HILLS, Mich. , May 2, 2013 /PRNewswire/ — FEV GmbH ( Germany ) and FEV, Inc […]

Stock Analysts

Distribution Agreement With Millennium HealthCare Will Boost Topline for 2013 (ATOS)

May 2, 2013 0

By Grant Zeng, CFA The Agreement This morning (May 2, 2013), Atossa Genetics (Nasdaq-small: ATOS ) announced that it has signed an agreement with Millennium HealthCare Inc . (MHCC) for the distribution by Millennium Medical Devices of Atossa's ForeCYTE Breast Health devices, which consist of the patented MASCT pump and ForeCYTE patient collection kits. Millennium has submitted an initial order for 10,000 ForeCYTE collection kits, which it intends to market to managed-care networks, healthcare clinics and physician practices in the New York Metro Area and Northern New Jersey. […]

Stock Analysts

Maxim’s 3Q Earnings Beat Estimate (AMAT) (AOL) (FB) (MXIM)

May 2, 2013 0

Maxim Integrated Products, Inc.’s ( MXIM ) third quarter fiscal 2013 earnings of 45 cents, excluding special items but including stock-based compensation expenses, beat the Zacks Consensus Estimate by 3 cents or 7.1%. Revenues Revenues in the reported quarter were $604.9 million, down 0.1% sequentially but up 5.9% year over year. […]

Stock Analysts

CF Industries Completes CFL Assets Buyout (AGU) (CF) (MON) (UAN)

May 2, 2013 0

CF Industries Holdings, Inc. ( CF ) announced that it has completed the purchase of the outstanding interests it did not already own in Canadian Fertilizers Limited (CFL) for total cash consideration of roughly C$910 million (around $904 million). Last year, CF Industries entered into an agreement with Glencore International plc to acquire the interests in CFL that were owned by Viterra, Inc […]