Month: May 2014

PPG Industries Inc. ’s ( PPG ) industrial coatings business has launched a portable tool kit – TRENDCAST Styling Directions 2014. […]

Continuous and valuable contract wins in the past have contributed to the steady upward spiraling in the share price of Harris Corporation ( HRS ), and have finally enabled this leading supplier of communications equipment and services to attain an all-time high of $79.32 on May 27, 2014. The stock price has surged 50% in the past one year mainly due to improved foreign defense expenditure, a strong tactical radio order and growth in the Government Communication segment. So far in the year, share price has increased 12.4%. […]

We maintained our Neutral recommendation on Diamond Offshore Drilling Inc. ( DO ) on May 22, 2014. The company carries a Zacks Rank #3 (Hold) […]

Shares of Intercept Pharmaceuticals ( ICPT ) have been on a rollercoaster ride this year due to mixed updates on the company’s lead pipeline candidate, obeticholic acid (OCA). Shares of the company were hammered a week ago after a report from The Street disclosed that the company had information about the occurrence of abnormal cholesterol levels in its phase IIb study on OCA when it came out with a press release on Jan 9, 2014. The trial was sponsored and conducted by the National Institute of Diabetes & Digestive & Kidney Diseases (NIDDK). […]

Valeant Pharmaceuticals International, Inc . ( VRX ) announced that it has increased its offer price to acquire Allergan ( AGN ) by 21%. Valeant had proposed in Apr 2014 that each Allergan share would be exchanged for $48.30 in cash and 0.83 shares of Valeant's common stock. […]

On May 29, Zacks Investment Research downgraded security and protection services provider Tyco International Ltd. ( TYC ) to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold), primarily due to downward estimate revisions. Despite the downtrend, the company still has the potential to drive the stock up […]

First Tennessee Bank, the major subsidiary of First Horizon National Corporation ( FHN ), is set to further enhance its footprint in Tennessee by acquiring 13 branches and four remote ATMs in the state from Bank of America Corporation ( BAC ). The acquisition of the branches is expected to close later this year. According to the terms of the deal, First Tennessee will assume deposits worth $660 million, for a 3.32% premium […]

On May 28, 2014, the shares of PPL Corporation ( PPL ) climbed to a 52-week high of $34.66. The share price finally closed at $34.64, up 0.9% from the previous day’s closing. We believe that the company’s strong liquidity position, efficient cash generation capacity, disciplined investment in various projects, strategic asset divestment and payment of dividends at regular intervals have boosted the share price […]

BioMarin Pharmaceutical ( BMRN ) made progress regarding its pipeline when it commenced dosing in a phase III study (INSPIRE) on its candidate BMN 701 for the treatment of patients suffering from Pompe disease. Pompe disease, a rare lysosomal storage deficiency, has two main forms: infantile onset and late onset. The single-arm, open-label, switchover study will evaluate patients affected by late onset Pompe disease (an inherited disorder). […]