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UPDATE: Brean Murray Carret Maintains Buy, $32 PT on EMC on Flash Outlook
Thursday, September 20, 2012 - 12:21pm | 119Brean Murray Carret reiterated its Buy rating and $32 price target on EMC (NYSE: EMC) on optimism for the company's Flash-based product plan. Brean Murray Carret commented, "Yesterday, EMC hosted held Part II of a discussion of the use of Flash storage in the enterprise – we were left confident...
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UPDATE: Brean Murray Carret Downgrades Met-Pro to Hold Post Earnings Disappointment
Friday, September 7, 2012 - 1:05pm | 122Brean Murray Carret reduced its rating on Met-Pro (NYSE: MPR) from Hold to Buy and suspended its price target, previously at $14 a share. Brean Murray Carret commented, "Lack of execution has forced us to revisit our investment thesis. In our view, Met‐Pro Corp should continue working to improve...
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UPDATE: Brean Murray Carret Lowers PT to $60 on Tech Data on Softer Margins
Wednesday, August 22, 2012 - 1:02pm | 126Brean Murray Carret reiterated its Buy rating on Tech Data (NASDAQ: TECD) but reduced its price target from $61 to $60. Brean Murray Carret said, "Slight revenue beat was offset by soft margins, althogh TECD should see immediate improvement. Stock was off ~6% yesterday in trading. TECD generated...
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UPDATE: Brean Murray Carret Upgrades Urban Outfitters to Hold Post Q2 Beat
Tuesday, August 21, 2012 - 1:56pm | 147Brean Murray Carret raised its rating on Urban Outfitters (NASDAQ: URBN) from Sell to Hold and suspended its previous price target of $23. Brean Murray Carret said, "We are raising our rating on URBN to Hold (from Sell), and increasing our FY13 and FY14 EPS projections to $1.59 (from $1.35) and $...
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UPDATE: Brean Murray Carret Initiates Vectren Corporation at Buy on Valuation
Wednesday, August 8, 2012 - 7:23am | 137Brean Murray Carret initiated its coverage on Vectren Corporation (NYSE: VVC) with a Buy rating and a price target of $36 a share. Brean Murray Carret said, "We are initiating coverage of Vectren Corporation with a Buy rating and $36 target price, based on the shares attaining a P/E multiple of...
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Dendreon Plunges on Restructuring News; Stock Downgraded
Tuesday, July 31, 2012 - 3:09pm | 408The share price of biotech firm Dendreon (NASDAQ: DNDN) plunged on Tuesday after the company released its second-quarter earnings results and announced a restructuring plan that will trim 600 jobs. In afternoon trading, Dendreon was down around 23 percent. The company hit a new 52-week low earlier...
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UPDATE: Brean Murray Carret Raises PT on Connecticut Water Service from $31 to $35
Tuesday, July 24, 2012 - 9:03am | 150Brean Murray Carret reiterated a Buy rating on Connecticut Water Service (NASDAQ: CTWS) and increased its price target from $31 to $35. Brean Murray Carret noted, “With CTWS guiding to a 4Q12 closing of the Biddeford & Saco Water Company (BDDD‐5, $87.44, NR) acquisition, we're raising our...
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UPDATE: Brean Murray Carret Lowers PT on IDEX from $56 to $45
Tuesday, July 24, 2012 - 9:02am | 115Brean Murray Carret maintained a Buy rating on IDEX Corp. (NYSE: IEX) and lowered its price target from $56 to $45. Brean Murray Carret remarked, “Taking yesterday's 2Q12 release as a whole, business really isn't too bad at IDEX Corp. Revenues of $494 million came in just shy of our $498 million...
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UPDATE: Brean Murray Carret Upgrades SunCoke Energy to Buy
Friday, July 20, 2012 - 9:27am | 121Brean Murray Carret raised its rating on SunCoke Energy (NYSE: SXC) from Hold to Buy and established a $20 price target. Brean Murray Carret commented, "Yesterday after the close, SunCoke Energy announced the approval of the formation of a Master Limited Partnership (MLP) by their Board of...
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UPDATE: Brean Murray Carret Downgrades Alpha Natural Resources to Hold on High Coal Leverage
Thursday, July 19, 2012 - 9:36am | 160Brean Murray Carret reduced its rating on Alpha Natural Resources (NYSE: ANR) from Buy to Hold and reduced its price target from $15 to $8. Brean Murray Carret commented, "Given our updated met coal outlook, we are revising our rating on Alpha Natural Resources to a Hold from a Buy previously. We...
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UPDATE: Brean Murray Carret Upgrades Mueller Water Products to Buy on Strengthening Momentum
Monday, July 9, 2012 - 8:39am | 151Brean Murray Carret upgraded its rating on Mueller Water Products (NYSE: MWA) from Hold to Buy and established a $5.10 price target. Brean Murray Carret said, "[R]ecent positive housing end market data points in the United States and the recent contract win to supply American Water Works (AWK, $...
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UPDATE: Brean Murray Carret Downgrades Theravance to Hold on Valuation
Friday, July 6, 2012 - 9:19am | 108Brean Murray Carret reduced its rating on Theravance (NASDAQ: THRX) from Buy to Hold and suspended its $24 price target. Brean Murray Carret commented in the report, "With the stock up ~55% since our initiation report on March 12, 2012 at $18.01 vs. a flat S&P index, we believe the current...
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UPDATE: Brean Murray Carret Reiterates Buy, $38 PT on Seagate Technology Following Guidance Cut
Friday, July 6, 2012 - 8:12am | 152Brean Murray Carret reiterated its Buy rating and $38 price target on Seagate Technology (NASDAQ: STX) on the company's negative fourth fiscal quarter announcement. In the report, Brean Murray Carret said, "All in all, while STX's Sep Q unit guidance of flat Q/Q with 66M in the Jun Q is...
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UPDATE: Brean Murray Carret Reiterates Buy, $4 PT on The Wet Seal Following In-Line June Comps
Thursday, July 5, 2012 - 12:58pm | 117Brean Murray Carret reiterated its Buy rating and $4 target price on The Wet Seal (NASDAQ: WTSLA) as June comps came within the range of expectation despite a tough month for the sector. Brean Murray Carret comments, "We reiterate our Buy rating, $4 target price and estimates, after WTSLA...
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UPDATE: Brean Murray Carret Cuts PT to $63 on Walter Energy on Poor Q2 Update
Friday, June 29, 2012 - 10:30am | 139Brean Murray Carret reiterates its Buy rating on Walter Energy (NYSE: WLT) but reduces its price target from $81 to $63. Brean Murray Carret says, "Net net, primarily due to the miss on the cost side, we now expected EBITDA of $110 million for Q2 2012, down from $165 million, and EPS of $0.32,...