Wednesday, May 30, 2012

DailyMarkets.com - Bard Remains Neutral

DailyMarkets.com - Bard Remains Neutral

Bard Remains Neutral

Posted: 30 May 2012 09:57 AM PDT

We reiterate our Neutral rating on CR Bard Inc. (NYSE:BCR). Its first quarter fiscal 2012 adjusted earnings of $1.61 per share beat the Zacks Consensus Estimate of $1.57. Revenues increased 4% (up 5% in constant currency) year over year to $730 million, but fell short of the Zacks Consensus Estimate of $733 million. Year-over-year revenue growth was triggered by healthy sales across the company's Vascular and Oncology businesses especially in international markets.
The company's resource depth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IPG Downgraded To Neutral

Posted: 30 May 2012 09:57 AM PDT

We have recently downgraded our recommendation on Interpublic Group of Companies (NYSE:IPG) from Outperform to Neutral.
We are concerned about the significant macro uncertainties on a global level, which have continued to affect revenue generation, both domestically and internationally. The company has witnessed recent headwinds in consumer goods, tech and telecom sectors, especially across Continental Europe.
However, the group's 2.8% organic growth during the first quarter of 2012, led by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MAA Announces Dividend Payout

Posted: 30 May 2012 09:38 AM PDT

MAA (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently announced a quarterly dividend of 66 cents per share for second quarter 2012. The dividend is payable on July 31, 2012 to shareholders of record on July 13, 2012.
Earlier during first quarter 2012, MAA increased its quarterly dividend payout by 5.2% to 66 cents per share or $2.64 on an annualized basis. MAA is among a select group of companies who maintained an uninterrupted dividend payout even during recession, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equity Residential Makes Agreement With Archstone (revised)

Posted: 30 May 2012 09:38 AM PDT

Equity Residential (NYSE:EQR), a real estate investment trust (REIT), has recently signed a binding purchase agreement with the affiliates of Bank of America Corporation (NYSE:BAC) and Barclays Bank PLC (NYSE:BCS) to acquire their remaining ownership stake of 26.5% in Archstone for $1.58 billion in cash.

Archstone is a private company which owns, operates and develops multifamily apartment properties. It was owned by a consortium of financial institutions including Bank of America, Barclays, and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Opportunity At Sunoco Logistics

Posted: 30 May 2012 09:18 AM PDT

Philadelphia-based Sunoco Logistics Partners L.P. (SXL), a master limited partnership (MLP), acquires, owns and operates a geographically diverse portfolio of refined product and crude oil pipelines and terminal facilities. Its facilities are located in 17 states in the Northeast, the Midwest, the Southeast and the Southwest of the country.
Oil refiner and marketer Sunoco Inc. (SUN) owns 34% of the partnership interest, including a 2% general partner interest. Sunoco Logistics is organized into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harley-Davidson Remains Outperform

Posted: 30 May 2012 09:02 AM PDT

We have reiterated our "Outperform" recommendation on Harley-Davidson Inc. (NYSE:HOG) for the long term as the company continues to benefit from its brand value, which helps it occupy the major market share in the U.S. motorcycle market.  Besides, the company looks forward to increasing its shipments of motorcycles in the range of 245,000 to 250,000 units in the full year 2012.
Harley-Davidson commands about 50% of market share in the U.S. market. The company possesses a strong network … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kellogg Eyes For United’s Division

Posted: 30 May 2012 08:43 AM PDT

According to the Financial Times, the U.S. foodmaker Kellogg Company (NYSE:K) and Germany based Intersnack are among the interested bidders to buy the 'snacks' division of U.K. based United Biscuits (UB), which is owned by two private equity firms; Blackstone Group LP and PAI Partners. The sources expect the snacks unit to be worth £500 million.
United Biscuits has confirmed to split its business into a 'Biscuits' and a 'Snacks' division in March 2012, where the 'Biscuits' section … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CACI Internationals Navy Contract

Posted: 30 May 2012 08:23 AM PDT

Recently announced, CACI International Inc. (CACI) declared that it has received a task order of $23 million from the Naval Surface Warfare Center (NSWC) in Dahlgren. The company shall provide its advanced technical and engineering solution services to the Submarine Launched Ballistic Missile (SLBM) program under this contract, which pertains to one base year followed by two option years. 
The contract given to CACI International is an extension of the previously received SeaPort-e … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Equities Bathe In Red, Euro Extends Drop

Posted: 30 May 2012 08:18 AM PDT

05/30/12 US stocks reversed Tuesday’s gains, sliding over 1% in midweek trade. EUR/USD weakened below $1.24 hitting its lowest level since June … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Buys Vivisimo

Posted: 30 May 2012 08:08 AM PDT

IT giant, International Business Machines Corp. (IBM) continues to expand its big data analytics portfolio through acquisitions. IBM recently completed the acquisition of big data analytical software developer Vivisimo for an undisclosed sum.
Enterprises are always on the lookout for efficient ways to manage the vast amount of data that are generated during the business process. As per IBM estimates, 2.5 quintillion bytes of data are created every day from a variety of sources around the world, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

T. Rowe Price Downgraded To Neutral

Posted: 30 May 2012 08:08 AM PDT

We are downgrading our recommendation to Neutral from Outperform on T. Rowe Price Group Inc. (NASDAQ:TROW), based on weaker-than-expected first-quarter 2012 earnings and incompetent expense management. The company's first-quarter 2012 earnings lagged the Zacks Consensus Estimate, which is attributable to higher operating expenses.
However, earnings compared favorably with the prior-year quarter.  Better-than-expected top-line growth and increased assets under management (AUM) were positives … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marriott’s Ritz Debuts In Okinawa

Posted: 30 May 2012 07:53 AM PDT

The Ritz-Carlton Hotel Company L.L.C, a wholly owned subsidiary of Marriott international Inc. (MAR), recently announced the opening of its first luxury resort, The Ritz-Carlton, Okinawa, in the tropical island of Okinawa, Japan.
The island of Okinawa is one of the favorite exotic tropical holiday destinations for Japanese visitors. But it remained relatively less visited by the international travelers. The island contains significant championship golf courses and is an ideal spot for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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