Market News

Nordson Corporation (NDSN)

BMO Capital MarketsNordson Corporation from Perform to Outperform.

Dec 18 · 1:02:00 PM
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by Rich Pike

Con-way (CNW)

BB&T Capital MktsCon-way from Hold to Buy.

Dec 18 · 12:56:00 PM
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by Rich Pike

Owens Corning Inc (OC)

Longbow downgraded Owens Corning Inc from Buy to Neutral.

Dec 17 · 8:49:00 PM
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by Rich Pike

Orbital Sciences Corporation (ORB)

Boenning & Scattergood initiated coverage for Orbital Sciences Corporation with a recommendation of Outperform.

Dec 17 · 8:37:00 PM
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by Rich Pike

Mastec, Inc. (MTZ)

Maxim Group initiated coverage for Mastec, Inc. with a recommendation of Buy.

Dec 17 · 8:34:00 PM
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by Rich Pike

Kaydon Corporation (KDN)

Sterne Agee initiated coverage for Kaydon Corporation with a recommendation of Neutral.

Dec 17 · 8:32:00 PM
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by Rich Pike

Crane Co. announced today it has sold General Technology Corporation, a subsidiary of Crane Co., to IEC Electronics Corp. for $14.2 million. GTC, also known as Crane Electronic Manufacturing Services, has revenue of approximately $25 million. Crane Co. expects to record a tax benefit of approximately $0.09 per share resulting from this divestiture. This benefit was not included in the Company’s earnings guidance issued on October 26, 2009, of GAAP EPS for the full year 2009 of $1.90-$2.05.

Dec 17 · 11:23:00 AM · Source: Company News
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by Larry Etter

FedEx (FDX)

Federal Express said Thursday that its fiscal second quarter net profits totalled $345 million, or $1.10 a share, down from $493 million, or $1.58 a share, earned in the year-ago second quarter. Quarterly revenue fell 10% to $8.6 billion.
Fedex did say it expects stronger demand in the second half of the fiscal year.

Dec 17 · 10:54:00 AM · Source: Company News Release
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by Larry Etter

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