Brean Murray Carret

Brean 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...

Brean 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...

Brean 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...

Brean 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 $...

Brean 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...

Brean 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...

Brean 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...

Brean 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...

Brean 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...

Brean 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, $...

Brean 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...

Brean 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...

Brean 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...

Brean 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,...