3M (NYSE: MMM), Sirona Dental (NASDAQ: SIRO), Measurement Specialties (NASDAQ: MEAS), Halozyme Therapeuticals (NASDAQ: HALO), Highwoods (NYSE: HIW) and James Hardie Industries (NYSE: JHX) ratings and price targets.
Sirona Dental (SIRO) had its “buy” rating reiterated by Bank of America (NYSE:BAC). They have a price target of $57.00 on the company.
Measurement Specialties (MEAS) had its “buy” rating reiterated by Needham & Company.
Halozyme Therapeuticals (HALO) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
Highwoods (HIW) was upgraded by RBC Capital from a “sector perform” rating to an “outperform” rating.
James Hardie Industries (JHX) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
3M (MMM) was downgraded by Goldman Sachs (NYSE:GS) from a “neutral” rating to a “neutral” rating.
Showing posts with label 3M. Show all posts
Showing posts with label 3M. Show all posts
Wednesday, January 11, 2012
Monday, January 9, 2012
Honeywell (HON) (SWK) (ITW) (MMM) (RAH) (DVN) Ratings, Price Targets
Honeywell International Inc. (NYSE: HON), Stanley Black & Decker Inc. (NYSE: SWK), Illinois Tool Works Inc. (NYSE: ITW), 3M Company (NYSE: MMM), Ralcorp Holdings, Inc. (NYSE: RAH) and Devon Energy Co. (NYSE: DVN) ratings and price targets.
Stanley Black & Decker Inc. (SWK) is now covered by Morgan Stanley (NYSE:MS). They placed an “Equal Weight” rating and a price target of $74.00 on the company.
Honeywell International Inc. (HON) is now covered by Morgan Stanley. They placed an “Overweight” rating and a price target of $62.00 on the company.
Illinois Tool Works Inc. (ITW) is now covered by Morgan Stanley. They placed an “Equal Weight” rating and a price target of $54.00 on the company.
3M Company (MMM) is now covered by Morgan Stanley. They placed an “Equal Weight” rating and a price target of $90.00 on the company.
Ralcorp Holdings, Inc. (RAH) is now covered by Wells Fargo & Co. (NYSE:WFC). They placed a “Market Perform” rating on the company.
Devon Energy Co. (DVN) had its price target raised by Scotia Capital to $83.00.
Stanley Black & Decker Inc. (SWK) is now covered by Morgan Stanley (NYSE:MS). They placed an “Equal Weight” rating and a price target of $74.00 on the company.
Honeywell International Inc. (HON) is now covered by Morgan Stanley. They placed an “Overweight” rating and a price target of $62.00 on the company.
Illinois Tool Works Inc. (ITW) is now covered by Morgan Stanley. They placed an “Equal Weight” rating and a price target of $54.00 on the company.
3M Company (MMM) is now covered by Morgan Stanley. They placed an “Equal Weight” rating and a price target of $90.00 on the company.
Ralcorp Holdings, Inc. (RAH) is now covered by Wells Fargo & Co. (NYSE:WFC). They placed a “Market Perform” rating on the company.
Devon Energy Co. (DVN) had its price target raised by Scotia Capital to $83.00.
Thursday, January 5, 2012
Map (MAPP) (MMM) (MNTA) (SGEN) (END) (CHH) Ratings, Price Targets
Map Pharmaceuticals (NASDAQ: MAPP), 3M Company (NYSE: MMM), Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA), Seattle Genetics, Inc. (NASDAQ: SGEN), Endeavour International Co. (NYSE: END) and Choice Hotels (NYSE: CHH) ratings and price targets.
Map Pharmaceuticals (MAPP) is now covered by Canaccord Genuity. They have a “buy” rating and a price target of $24.00 on the firm.
3M Company (MMM) is now covered by Morgan Stanley (NYSE:MS). They have an “equal weight” rating and a price target of $90.00 on the firm.
Momenta Pharmaceuticals, Inc. (MNTA) is now covered by Sanford C. Bernstein. They placed an “outperform” rating on the firm.
Seattle Genetics, Inc. (SGEN) had its “sell” rating reiterated by Canaccord Genuity.
Endeavour International Co. (END) had its price target raised by Rodman & Renshaw from $12.50 to $15.00. They have an “outperform” rating on the firm.
Choice Hotels (CHH) was downgraded by Robert W. Baird from a “neutral” rating to an “underperform” rating. They have a price target of $34.00 on the firm, up from $33.00.
Map Pharmaceuticals (MAPP) is now covered by Canaccord Genuity. They have a “buy” rating and a price target of $24.00 on the firm.
3M Company (MMM) is now covered by Morgan Stanley (NYSE:MS). They have an “equal weight” rating and a price target of $90.00 on the firm.
Momenta Pharmaceuticals, Inc. (MNTA) is now covered by Sanford C. Bernstein. They placed an “outperform” rating on the firm.
Seattle Genetics, Inc. (SGEN) had its “sell” rating reiterated by Canaccord Genuity.
Endeavour International Co. (END) had its price target raised by Rodman & Renshaw from $12.50 to $15.00. They have an “outperform” rating on the firm.
Choice Hotels (CHH) was downgraded by Robert W. Baird from a “neutral” rating to an “underperform” rating. They have a price target of $34.00 on the firm, up from $33.00.
3M (MMM) (REGN) (RIMM) (THR) (ATW) (AVEO) Ratings Reiterated
3M Company (NYSE: MMM), Regeneron Pharma (NASDAQ: REGN), Research In Motion (NASDAQ: RIMM), Thermon Group (NYSE: THR), Atwood Oceanics, Inc. (NYSE: ATW) and Aveo Pharmaceuticals (NASDAQ: AVEO) had ratings on them reiterated by analysts.
Nomura (NYSE:NMR) reiterated its "Reduce" rating on 3M Company (MMM).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Regeneron Pharma (REGN). They have a price target of $83.00 on the company.
Jefferies Group (NYSE:JEF) reiterated its "Hold" rating on Research In Motion (RIMM).
Jefferies Group reiterated its "Buy" rating on Thermon Group (THR).
Canaccord Genuity reiterated its "Buy" rating on Atwood Oceanics, Inc. (ATW).
Canaccord Genuity reiterated its "Buy" rating on Aveo Pharmaceuticals (AVEO).
Nomura (NYSE:NMR) reiterated its "Reduce" rating on 3M Company (MMM).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Regeneron Pharma (REGN). They have a price target of $83.00 on the company.
Jefferies Group (NYSE:JEF) reiterated its "Hold" rating on Research In Motion (RIMM).
Jefferies Group reiterated its "Buy" rating on Thermon Group (THR).
Canaccord Genuity reiterated its "Buy" rating on Atwood Oceanics, Inc. (ATW).
Canaccord Genuity reiterated its "Buy" rating on Aveo Pharmaceuticals (AVEO).
Wednesday, December 7, 2011
3M (MMM) (MUR) (NTRS) (CRK) (DNDN) (DRI) Ratings, Price Targets
3M Company (MMM), Murphy Oil Corp. (MUR), Northern Trust Co. (NTRS), Comstock Resources Inc. (CRK), Dendreon Co. (DNDN) and Darden Restaurants, Inc. (DRI) ratings and price targets.
Jefferies (NYSE:JEF) reiterated its “Buy” rating on 3M Company (MMM). They have a price target of $90.00 on the company.
Barclays Capital upgraded Murphy Oil Corp. (MUR) to an “Overweight” rating.
Rochdale Securities upgraded Northern Trust Co. (NTRS) to a “Buy” rating. They have a price target of $53.00 on the company.
Ladenburg Thalmann reiterated its “Buy” rating on Comstock Resources Inc. (CRK). They have a price target of $20.00 on the company.
Robert W. Baird reiterated its “Neutral” rating on Dendreon Co. (DNDN).
Wells Fargo & Co. (NYSE:WFC) reiterated its “Outperform” rating on Darden Restaurants, Inc. (DRI).
Jefferies (NYSE:JEF) reiterated its “Buy” rating on 3M Company (MMM). They have a price target of $90.00 on the company.
Barclays Capital upgraded Murphy Oil Corp. (MUR) to an “Overweight” rating.
Rochdale Securities upgraded Northern Trust Co. (NTRS) to a “Buy” rating. They have a price target of $53.00 on the company.
Ladenburg Thalmann reiterated its “Buy” rating on Comstock Resources Inc. (CRK). They have a price target of $20.00 on the company.
Robert W. Baird reiterated its “Neutral” rating on Dendreon Co. (DNDN).
Wells Fargo & Co. (NYSE:WFC) reiterated its “Outperform” rating on Darden Restaurants, Inc. (DRI).
Thursday, October 27, 2011
3M Company (MMM) (MASI) (PVTB) (MCK) (PCAR) (PNRA) Price Targets Changed
3M Company (NYSE: MMM), Masimo Corp. (NASDAQ: MASI), PrivateBancorp, Inc. (NASDAQ: PVTB), McKesson Co. (NYSE: MCK), PACCAR (NASDAQ: PCAR) and Panera Bread Company (NASDAQ: PNRA) had price targets on them adjusted by analysts.
3M Company (MMM) had its price target lowered by Sterne Agee to $83.00.
Masimo Corp. (MASI) had its price target lowered by Morgan Keegan to $27.00.
PrivateBancorp, Inc. (PVTB) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $13.00.
McKesson Co. (MCK) had its price target raised by JMP Securities to $98.00. They have an “Outperform” rating on the company.
PACCAR (PCAR) had its price target raised by Credit Suisse (NYSE:CS) to $41.00. They have a “Neutral” rating on the company.
Panera Bread Company (PNRA) had its price target raised by Oppenheimer from $135.00 to $150.00. They have an “Outperform” rating on the company.
3M Company (MMM) had its price target lowered by Sterne Agee to $83.00.
Masimo Corp. (MASI) had its price target lowered by Morgan Keegan to $27.00.
PrivateBancorp, Inc. (PVTB) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $13.00.
McKesson Co. (MCK) had its price target raised by JMP Securities to $98.00. They have an “Outperform” rating on the company.
PACCAR (PCAR) had its price target raised by Credit Suisse (NYSE:CS) to $41.00. They have a “Neutral” rating on the company.
Panera Bread Company (PNRA) had its price target raised by Oppenheimer from $135.00 to $150.00. They have an “Outperform” rating on the company.
Friday, July 15, 2011
Northgate (NXG) (SWC) (RTI) (MMM) (NTGR) Downgraded by Analysts
Northgate Minerals Co. (NYSE: NXG), Stillwater Mining (NYSE: SWC), RTI International Metals, Inc. (NYSE: RTI), 3M Company (NYSE: MMM) and NetGear Inc (NASDAQ: NTGR) were all downgraded by analysts.
Bank of America (NYSE: BAC) downgraded 3M Company (MMM) from a “Neutral” rating to an “Underperform” rating. They have a price target of $106.00 on the company. They cited valuation as the catalyst behind the call.
CIBC downgraded Northgate Minerals Co. (NYSE: NXG) to a “sector perform” rating.
JPMorgan Chase & Co. (NYSE: JPM) downgraded Stillwater Mining (SWC) to a “neutral” rating. They have a price target of $23.00 on the company. They cited valuation as the catalyst behind the call.
Goldman Sachs (NYSE: GS) downgraded RTI International Metals, Inc. (RTI) from a “neutral” rating to a “sell” rating. They have a price target of $40.00 on the company.
Barclays Capital downgraded NetGear Inc (NTGR) from an “overweight” rating to a “neutral” rating. They have a price target of $47.00 on the company.
Bank of America (NYSE: BAC) downgraded 3M Company (MMM) from a “Neutral” rating to an “Underperform” rating. They have a price target of $106.00 on the company. They cited valuation as the catalyst behind the call.
CIBC downgraded Northgate Minerals Co. (NYSE: NXG) to a “sector perform” rating.
JPMorgan Chase & Co. (NYSE: JPM) downgraded Stillwater Mining (SWC) to a “neutral” rating. They have a price target of $23.00 on the company. They cited valuation as the catalyst behind the call.
Goldman Sachs (NYSE: GS) downgraded RTI International Metals, Inc. (RTI) from a “neutral” rating to a “sell” rating. They have a price target of $40.00 on the company.
Barclays Capital downgraded NetGear Inc (NTGR) from an “overweight” rating to a “neutral” rating. They have a price target of $47.00 on the company.
Saturday, May 14, 2011
Ratings on (PCP) (QCOM) (MMM) (DVA) (AMD) Reiterated
Ratings on shares of Precision Castparts Corp. (NYSE:PCP), Qualcomm Inc. (NASDAQ:QCOM), 3M Co. (NYSE:MMM), DaVita Inc (NYSE:DVA) and Advanced Micro Devices Inc. (NYSE:AMD) were reiterated by analysts.
Credit Suisse (NYSE:CS) reiterated an “Outperform” rating on Precision Castparts Corp. (PCP). They have a price target of $173 on the company. Up from $163.
Deutsche (NYSE:DB) reiterated a “Buy” rating on Qualcomm Inc. (QCOM). They have a price target of $65 on the company.
FBR Capital Markets reiterated an “Outperform” rating on 3M Co. (NYSE:MMM). They have a price target of $105 on the company.
Deutsche Bank reiterated a “Buy” rating on DaVita Inc (DVA). They have a price target of $102 on the company. Up from $101.
Deutsche Bank reiterated a “Hold” rating on Advanced Micro Devices Inc. (NYSE:AMD). They have a price target of $8 on the company.
Credit Suisse (NYSE:CS) reiterated an “Outperform” rating on Precision Castparts Corp. (PCP). They have a price target of $173 on the company. Up from $163.
Deutsche (NYSE:DB) reiterated a “Buy” rating on Qualcomm Inc. (QCOM). They have a price target of $65 on the company.
FBR Capital Markets reiterated an “Outperform” rating on 3M Co. (NYSE:MMM). They have a price target of $105 on the company.
Deutsche Bank reiterated a “Buy” rating on DaVita Inc (DVA). They have a price target of $102 on the company. Up from $101.
Deutsche Bank reiterated a “Hold” rating on Advanced Micro Devices Inc. (NYSE:AMD). They have a price target of $8 on the company.
Monday, May 2, 2011
Dividend Yields for (MMM) (LLL) (MAS) (HON) (UTX)
Indicated dividend yields for Standard & Poor's 500 Index companies 3M Co (MMM), L-3 Communications Holdings (LLL), Masco Corp (MAS), Honeywell International (HON) and United Technologies Corp (UTX).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
3M Co (MMM) has a dividend yield of 2.26 percent on a declared dividend of $0.55. The payout ratio is 36.2.
L-3 Communications Holdings (LLL) has a dividend yield of 2.25 percent on a declared dividend of $0.45. The payout ratio is 23.9.
Masco Corp (MAS) has a dividend yield of 2.23 percent on a declared dividend of $0.07. The payout ratio is 870.0.
Honeywell International Inc (HON) has a dividend yield of 2.17 percent on a declared dividend of $0.33. The payout ratio is 37.0.
United Technologies Corp (UTX) has a dividend yield of 2.14 percent on a declared dividend of $0.48. The payout ratio is 36.4.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
3M Co (MMM) has a dividend yield of 2.26 percent on a declared dividend of $0.55. The payout ratio is 36.2.
L-3 Communications Holdings (LLL) has a dividend yield of 2.25 percent on a declared dividend of $0.45. The payout ratio is 23.9.
Masco Corp (MAS) has a dividend yield of 2.23 percent on a declared dividend of $0.07. The payout ratio is 870.0.
Honeywell International Inc (HON) has a dividend yield of 2.17 percent on a declared dividend of $0.33. The payout ratio is 37.0.
United Technologies Corp (UTX) has a dividend yield of 2.14 percent on a declared dividend of $0.48. The payout ratio is 36.4.
Thursday, April 28, 2011
3M (MMM) (WTI) (AEZS) (RRC) (VDSI) Get Ratings Initiations
3M (NYSE:MMM), W&T Offshore (NYSE:WTI), Aeterna Zentaris (NASDAQ:AEZS), Range Resources (NYSE:RRC) and VASCO Data Security (NASDAQ:VDSI) had analysts initiate coverage on them.
3M (MMM) was started off with a "Buy" rating by Deutsche Bank (NYSE:DB), which has a price target of $110 on the company.
W&T Offshore (WTI) was started off with a rating of Equal Weight by Barclays Capital, with a price target of $26.
Aeterna Zentaris (AEZS) was initiated at a "Speculative Buy" rating by Canaccord Genuity, with a price target of $4.
Range Resources (RRC) was initiated at a "Neutral" rating by UBS (NYSE:UBS, with a price target of $55.
VASCO Data Security (NASDAQ:VDSI) was started off with a "Buy" by Dougherty & Company, which placed a price target of $15 on the firm.
3M (MMM) was started off with a "Buy" rating by Deutsche Bank (NYSE:DB), which has a price target of $110 on the company.
W&T Offshore (WTI) was started off with a rating of Equal Weight by Barclays Capital, with a price target of $26.
Aeterna Zentaris (AEZS) was initiated at a "Speculative Buy" rating by Canaccord Genuity, with a price target of $4.
Range Resources (RRC) was initiated at a "Neutral" rating by UBS (NYSE:UBS, with a price target of $55.
VASCO Data Security (NASDAQ:VDSI) was started off with a "Buy" by Dougherty & Company, which placed a price target of $15 on the firm.
Monday, April 18, 2011
Microsoft (MSFT) Patent Battle Has Companies, Industries Choosing Sides
The battle by Microsoft (NASDAQ:MSFT) to make it easier to challenge whether or not a patent is valid or not is heading to the Supreme Court, as various companies and industries line up on both sides of the issue in support of or against the case.
Backing Microsoft are many in the tech sector, including Google Inc. (NASDAQ:GOOG), Verizon Communications Inc. (NYSE:VZ), Apple Inc. (NASDAQ:AAPL), Cisco Systems Inc. (NASDAQ:CSCO), eBay Inc. (NASDAQ:EBAY), Facebook Inc. and Intel Corp. (NASDAQ:INTC), while lining up against them are 3M Co. (NYSE:MMM), Johnson & Johnson (NYSE:JNJ) and General Electric Co. (NYSE:GE), along with branded drug companies like Pfizer (NYSE:PFE) and Merck (NYSE:MRK).
Companies supporting Microsoft said in a brief, "Those allegations are often based on invalid patents, but they are nonetheless costly and risky to defend, in part because of the clear-and-convincing standard."
Companies opposing Microsoft noted, "Inventors and society would suffer from such a rule, which would simultaneously reduce the rewards of innovation by weakening property rights while increasing the costs of innovation."
Banks and other financial companies also support Microsoft, as they are often recipients of lawsuits in regard to patents as well.
Backing Microsoft are many in the tech sector, including Google Inc. (NASDAQ:GOOG), Verizon Communications Inc. (NYSE:VZ), Apple Inc. (NASDAQ:AAPL), Cisco Systems Inc. (NASDAQ:CSCO), eBay Inc. (NASDAQ:EBAY), Facebook Inc. and Intel Corp. (NASDAQ:INTC), while lining up against them are 3M Co. (NYSE:MMM), Johnson & Johnson (NYSE:JNJ) and General Electric Co. (NYSE:GE), along with branded drug companies like Pfizer (NYSE:PFE) and Merck (NYSE:MRK).
Companies supporting Microsoft said in a brief, "Those allegations are often based on invalid patents, but they are nonetheless costly and risky to defend, in part because of the clear-and-convincing standard."
Companies opposing Microsoft noted, "Inventors and society would suffer from such a rule, which would simultaneously reduce the rewards of innovation by weakening property rights while increasing the costs of innovation."
Banks and other financial companies also support Microsoft, as they are often recipients of lawsuits in regard to patents as well.
Friday, March 4, 2011
Caterpillar (CAT), 3M (MMM), United Tech (UTX), Emerson Electric (EMR) Jump on Weak US Dollar
The falling value of the U.S. dollar will continue to reap benefits for U.S. export companies like Caterpillar (NYSE:CAT), 3M (NYSE:MMM), United Tech (NYSE:UTX) and Emerson Electric (NYSE:EMR), especially when its coupled with strong demand for the products they make.
As long as the demand is there, which in the case of Caterpillar will be for years in a very targeted market, investors can watch the behavior of the U.S. dollar against significant currencies to gauge the impact on the earnings of the stocks.
Those with a wider range of products are a little harder to follow, as they are spread across numerous currencies and countries, and are much more demanding as to the overall impact on the bottom line.
Either way, if the U.S. dollar weakens, we can watch the major markets a company serves and can make calculations in regard to the greenback like that.
United Technologies closed Thursday at $83.85, gaining $1.80, or 2.19 percent. Emerson Electric closed at $60.53, up $1.61, or 2.73 percent. 3M closed the day at $92.81, rising $1.49, or 1.63 percent. Caterpillar closed at $104.25, gaining $3.28, or 3.25 percent.
As long as the demand is there, which in the case of Caterpillar will be for years in a very targeted market, investors can watch the behavior of the U.S. dollar against significant currencies to gauge the impact on the earnings of the stocks.
Those with a wider range of products are a little harder to follow, as they are spread across numerous currencies and countries, and are much more demanding as to the overall impact on the bottom line.
Either way, if the U.S. dollar weakens, we can watch the major markets a company serves and can make calculations in regard to the greenback like that.
United Technologies closed Thursday at $83.85, gaining $1.80, or 2.19 percent. Emerson Electric closed at $60.53, up $1.61, or 2.73 percent. 3M closed the day at $92.81, rising $1.49, or 1.63 percent. Caterpillar closed at $104.25, gaining $3.28, or 3.25 percent.
Wednesday, February 23, 2011
3M (MMM) Gets Upgrade from Bank of America (BAC)
Bank of America (NYSE:BAC) upgraded shares of 3M (NYSE:MMM) on expectations the company will benefit from investors placing their portfolios in more defensive positions.
Full year EPS estimates were also boosted by Bank of America on 3M for 2012.
3M closed Tuesday at $92, dropping $0.96, or 1.03 percent. Bank of America raised their price target on 3M to $106.
Trading volume on Tuesday was about 50 percent above the 3-Month daily average.
Full year EPS estimates were also boosted by Bank of America on 3M for 2012.
3M closed Tuesday at $92, dropping $0.96, or 1.03 percent. Bank of America raised their price target on 3M to $106.
Trading volume on Tuesday was about 50 percent above the 3-Month daily average.
Wednesday, February 9, 2011
3M (NYSE:MMM) Boosts Dividend, Announces $7 Billion Stock Buyback
The board of directors of 3M Co. (NYSE:MMM) announced the authorization for the company to repurchase $7 billion in a share buyback, and also a 5 percent increase in the dividend.
George W. Buckley, 3M chairman, president and CEO said, "Today's announcement reflects the strength of our business model and our confidence in the future. Our strong balance sheet and outstanding free cash flow allow us to fund growth investments and continue our legacy of returning significant cash to shareholders."
The repurchase program will replace the existing buyback program, according to 3M, which gave no specific dates for when it would be launched.
A dividend of 55 cents a share was declared by the board of directors, 5 percent over the prior quarterly dividend. The dividend is payable March 12 to shareholders of record at the close of business on February 18.
According to 3M, this is the 53rd year in a row they've boosted the dividend, and at least the 94th year in a row they've paid a dividend.
George W. Buckley, 3M chairman, president and CEO said, "Today's announcement reflects the strength of our business model and our confidence in the future. Our strong balance sheet and outstanding free cash flow allow us to fund growth investments and continue our legacy of returning significant cash to shareholders."
The repurchase program will replace the existing buyback program, according to 3M, which gave no specific dates for when it would be launched.
A dividend of 55 cents a share was declared by the board of directors, 5 percent over the prior quarterly dividend. The dividend is payable March 12 to shareholders of record at the close of business on February 18.
According to 3M, this is the 53rd year in a row they've boosted the dividend, and at least the 94th year in a row they've paid a dividend.
Friday, January 28, 2011
Universal Technologies (NYSE:UTX) Has Less Upside than Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW), Actuant (NYSE:ATU)
Universal Technologies (NYSE:UTX) is strong on international exposure, which empowers it to leverage growth in emerging markets, but at this time FBR likes Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW) and Actuant (NYSE:ATU), citing more upside to their price targets on them.
FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."
FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.
FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."
FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.
Wednesday, January 26, 2011
3M's (NYSE:MMM) Organic Growth Impressive
Organic growth in the latest quarter was a solid 8.6 percent, as five out of the six segments 3M (NYSE:MMM) operates in showed improved sales trends.
FBR says, "Even as there were several puts and takes in 3M’s modest 4Q operating EPS beat, a key highlight, in our view, was the solid 8.6% organic growth performance, where despite tougher comps and weakness in Optical film, better sales trends in five of 3M’s six segments helped drive revenues 2% ahead of our expectations. Emerging markets and new product introductions remain key drivers, with Asia Pacific/Latin America sales up 22%/12% and new product vitality index (NPVI) at 31%.
"We have increased our 2011 EPS estimate to $6.15 and see potential upside from a bottoming in Optical margins in 1H2011, continued robust growth in 3M’s renewables portfolio ($300 million revs, up >60% in 2010), and moderating SG&A and R&D expense."
FBR Capital maintains an "Outperform" rating on 3M (MMM), which was trading at $88.96, up $0.46, or 0.52 percent, as of 12:45 PM EST. FBR has a price target on 3M of $99.
FBR says, "Even as there were several puts and takes in 3M’s modest 4Q operating EPS beat, a key highlight, in our view, was the solid 8.6% organic growth performance, where despite tougher comps and weakness in Optical film, better sales trends in five of 3M’s six segments helped drive revenues 2% ahead of our expectations. Emerging markets and new product introductions remain key drivers, with Asia Pacific/Latin America sales up 22%/12% and new product vitality index (NPVI) at 31%.
"We have increased our 2011 EPS estimate to $6.15 and see potential upside from a bottoming in Optical margins in 1H2011, continued robust growth in 3M’s renewables portfolio ($300 million revs, up >60% in 2010), and moderating SG&A and R&D expense."
FBR Capital maintains an "Outperform" rating on 3M (MMM), which was trading at $88.96, up $0.46, or 0.52 percent, as of 12:45 PM EST. FBR has a price target on 3M of $99.
Friday, December 17, 2010
Danaher (NYSE:DHR) 2001 EPS Guidance Below Consensus
Danaher (NYSE:DHR) revealed at a meeting in New York that its EPS guidance for 2011 would come in lower than consensus.
FBR said, "At its well-attended outlook meeting in New York, as expected, Danaher provided 2011 EPS guidance that came in modestly below consensus at midpoint...We also see the resegmenting of the businesses as a positive, increasing visibility into underlying operating and earnings trends. We continue to like Danaher’s execution on organic growth through share gains and new product innovations. Portfolio mix and solid balance sheet and cash flow add to the shares defensive appeal. We have a constructive bias on the shares but maintain our Market Perform rating for now, as we see greater upside to our price targets in Outperform-rated Actuant (NYSE:ATU), Cooper (NYSE:CBE), SPX (NYSE:SPW), WESCO (NYSE:WCC), Illinois Tool Works (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC)."
FBR Capital maintains a "Market Perform" rating on Danaher, which closed Thursday at $46.79, up $0.88, or 1.92 percent. FBR has a price target on them of $50.
FBR said, "At its well-attended outlook meeting in New York, as expected, Danaher provided 2011 EPS guidance that came in modestly below consensus at midpoint...We also see the resegmenting of the businesses as a positive, increasing visibility into underlying operating and earnings trends. We continue to like Danaher’s execution on organic growth through share gains and new product innovations. Portfolio mix and solid balance sheet and cash flow add to the shares defensive appeal. We have a constructive bias on the shares but maintain our Market Perform rating for now, as we see greater upside to our price targets in Outperform-rated Actuant (NYSE:ATU), Cooper (NYSE:CBE), SPX (NYSE:SPW), WESCO (NYSE:WCC), Illinois Tool Works (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC)."
FBR Capital maintains a "Market Perform" rating on Danaher, which closed Thursday at $46.79, up $0.88, or 1.92 percent. FBR has a price target on them of $50.
Thursday, December 16, 2010
Honeywell's (NYSE:HON) Cash Flow, Strong Balance Sheet, Offer Flexibility
Honeywell International (NYSE:HON) gave its EPS estimate guidance, and it came in at a range of $3.50 to $3.70; in line with expectations says FBR Capital.
"Honeywell’s 2011 EPS guidance of $3.50–$3.70 came mostly in line with our expectations and was broadly consistent with the preliminary framework provided with 3Q earnings a few weeks ago...With regard to the shares, we like Honeywell’s improving late-cycle mix in commercial aero and the company’s solid balance sheet and cash flow provide it with flexibility for acquisitions. However, we see greater upside potential to our price targets in Outperform-rated Atuant (NYSE:ATU), WESCO (NYSE:WCC), Cooper (NYSE:CBE), SPX (NYSE:SPW), Illinois Tool (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC) and remain on the sidelines for now," said FBR.
FBR Capital maintains a "Market Perform" rating on Honeywell, which was trading at $52.77, up $1.23, or 2.39 percent, as of 11:44 AM EST. They have a price target of $57 on them.
"Honeywell’s 2011 EPS guidance of $3.50–$3.70 came mostly in line with our expectations and was broadly consistent with the preliminary framework provided with 3Q earnings a few weeks ago...With regard to the shares, we like Honeywell’s improving late-cycle mix in commercial aero and the company’s solid balance sheet and cash flow provide it with flexibility for acquisitions. However, we see greater upside potential to our price targets in Outperform-rated Atuant (NYSE:ATU), WESCO (NYSE:WCC), Cooper (NYSE:CBE), SPX (NYSE:SPW), Illinois Tool (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC) and remain on the sidelines for now," said FBR.
FBR Capital maintains a "Market Perform" rating on Honeywell, which was trading at $52.77, up $1.23, or 2.39 percent, as of 11:44 AM EST. They have a price target of $57 on them.
Wednesday, December 8, 2010
3M's (NYSE:MMM) Earnings Under Pressure in Short Term
Commenting on their takeaway from 3M's (NYSE:MMM) annual outlook meeting, FBR Capital noted organic growth appears to be headed to strong performance in the longer term, but short-term earnings will be under pressure on higher tax rates and pension costs.
FBR said, "3M’s annual outlook meeting presented a mixed bag of takeaways, where even as we came away with increased conviction in the company’s longer-term 7% to 8% organic growth outlook, or much higher-than-historical average of about 4%, the near-term picture was a little less impressive...Other headwinds include higher pension and a tax rate that should mute 3M’s 2011 EPS growth in the 6% to 7% range, and we accordingly lower our 2010/2011EPS estimates to $5.72/$6.05."
FBR maintains their "Outperform" rating on 3M, which was trading at $84.24, up $0.05, or 0.06 percent, as of 2:20 PM EST. They lowered their price target on 3M to $98.
FBR said, "3M’s annual outlook meeting presented a mixed bag of takeaways, where even as we came away with increased conviction in the company’s longer-term 7% to 8% organic growth outlook, or much higher-than-historical average of about 4%, the near-term picture was a little less impressive...Other headwinds include higher pension and a tax rate that should mute 3M’s 2011 EPS growth in the 6% to 7% range, and we accordingly lower our 2010/2011EPS estimates to $5.72/$6.05."
FBR maintains their "Outperform" rating on 3M, which was trading at $84.24, up $0.05, or 0.06 percent, as of 2:20 PM EST. They lowered their price target on 3M to $98.
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