Month: May 2013

Navistar International Corporation ( NAV ) revealed that the company sold its recreational vehicle (RV) business to Allied Specialty Vehicles Inc. (“ASV”), which is a leading producer of specialty vehicles to the fire & emergency, commercial and industrial and recreational vehicles markets worldwide. […]

Raytheon Company ( RTN ) has received an international order worth $106 million for its Paveway II smart bombs. Per this direct commercial sale contract, the company will provide Paveway kits for both GBU-12 (500lb) and GBU-58 (250lb) guided bombs. Paveway is a kit designed by Raytheon and provides warfighter accuracy and standoff capability that has revolutionized tactical air-to-ground warfare by converting dumb bombs into precision-guided munitions. […]

Miami-based leading cruise company, Royal Caribbean Cruises Ltd. ( RCL ), is set to add a new ship to its Quantum cruise line. In this regard, the company has inked a construction agreement with the German shipbuilding company, Meyer Werft GmbH […]

Perrigo Company ( PRGO ) recently announced that it is seeking US approval to market its generic version of Eli Lilly and Company ’s ( LLY ) Axiron. The drug is marketed for treating males aged above 18 years, who have low or no testosterone. […]

On May 28, Zacks Investment Research upgraded LightPath Technologies Inc. ( LPTH ) to a Zacks Rank #1 (Strong Buy). […]

We have maintained our long-term Outperform recommendation on Cabela's Inc. ( CAB ) with a target price of $74.00. […]

Teva Pharmaceutical Industries Ltd. ( TEVA ) recently announced that its supplemental new drug application (sNDA) for its thrice-weekly dosing regimen of Copaxone has been accepted for review by the US Food and Drug Administration (FDA). The 40 mg thrice-weekly (3TW – three times a week) formulation of Copaxone represents a less frequent dosing regimen compared to the currently available once-daily 20 mg dosing regimen […]

We have reaffirmed our Neutral recommendation on Northeast Utilities ( NU ). The company currently has a Zacks Rank #3 (Hold). […]

It has been rumored that the world’s largest manufacturer of semiconductor products, Intel Corp ’s ( INTC ) processor has been chosen to power a new version of one of Samsung Electronics’ top-tier Android tablets, according to Reuters. Reportedly, Samsung will use Intel's Clover Trail+ mobile chip for at least one version of its 10.1-inch Galaxy Tab 3.It is still not clear whether Samsung plans to introduce other versions of the 10-inch Galaxy Tab equipped with its own processors or that of other companies. […]

Zacks Investment Research downgraded Artesian Resources Corporation ( ARTNA ) to a Zacks Rank #5 (Strong Sell) on May 29, 2013. Why the Downgrade? Things aren’t shaping too well for Artesian Resources, as this water utility disappointed with its lackluster financial results for the first quarter of 2013. […]

In order to assist the fast increasing drilling operations of the southern part of the Utica Shale, MarkWest Utica EMG L.L.C., which is a joint venture between natural gas processor and distributor, MarkWest Energy Partners LP ( MWE ) and The Energy and Minerals Group, has further expanded its midstream operations. At its Seneca complex, MarkWest Utica is planning to build a third cryogenic gas processing plant, which is expected to process cryogenic gas at a rate of 200 million cubic feet per day (MMcf/d). […]

Total System Services Inc. ( TSS ) announced a strategic alliance with US-based bank-related financial company – KeyCorp ’s ( KEY ) KeyBank NA, in order to process the consumer credit cards for the bank. […]

BioMarin Pharmaceutical Inc. ( BMRN ) recently received positive news when the company’s Biologics License Application (BLA) for its pipeline candidate Vimizim (BMN-110, elosulfase alfa) was accepted for review by the US Food and Drug Administration (FDA). The BLA was submitted to the FDA earlier in the year […]

Coffee and Tea lovers now have two specialty coffee giants come together as the oldest and largest privately held specialty coffee retailer The Coffee Bean & Tea Leaf and Green Mountain Coffee Roasters Inc . ( GMCR ) have joined forces to launch the Coffee Bean & Tea Leaf K-Cup for Keurig single-cup. The Coffee Bean & Tea Leaf K-Cup packs will be available by spring 2014 through various channels to the U.S. […]

On May 29, 2013, we reiterated our long-term recommendation on Bank of America Corporation ( BAC ) at Neutral. This is based on BofA’s first-quarter restated earnings, which significantly outpaced on a year-over-year basis, but were below the Zacks Consensus Estimate. […]

Abbott Laboratories ( ABT ) recently announced that the company obtained license for its RealTime High Risk HPV molecular diagnostic test from the Medical Device Bureau of Health Canada. Abbott Labs’ RealTime High Risk HPV molecular diagnostic test enables detection of human papillomavirus (HPV) which is the prime cause of cervical cancer. The test is performed on the Abbott Labs’ m2000 RealTime molecular diagnostics system and is already available in the US and Europe. […]

Time Warner Cable Inc. ( TWC ) – the second-largest cable MSO in the U.S. […]