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UPDATE: Dahlman Rose Lowers PT on Uranium Resources After Reverse Stock Split
Friday, March 8, 2013 - 1:23pm | 127In a report published Friday, Dahlman Rose reiterated its Buy rating on Uranium Resources (NASDAQ: URRE), but lowered its price target from $10.00 to $3.90. Dahlman Rose noted, “We've updated our model to account for recent issuances and a reverse split. URRE completed a capital raise to complete...
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UPDATE: Dahlman Rose Raises PT on United Continental Holdings on February Operating Results
Friday, March 8, 2013 - 1:22pm | 121In a report published Friday, Dahlman Rose reiterated its Buy rating on United Continental Holdings (NYSE: UAL), and raised its price target to $35.00. Dahlman Rose noted, “United Airlines reported February operating results with consolidated traffic down by 3.4% on a decline in capacity of 8.4%....
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Dahlman Rose Reiterates Hold Rating on Republic Airways Holdings on Adjusted 1Q13 EPS Estimate
Friday, March 8, 2013 - 1:22pm | 124In a report published Friday, Dahlman Rose reiterated its Hold rating on Republic Airways Holdings (NASDAQ: RJET). Dahlman Rose noted, “Republic Airways reported February traffic results for its fixed-fee business fell by 3.8% while its Frontier division reported a decline of 21%. Traffic results...
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UPDATE: Dahlman Rose Raises PT on CAI International on Strong Fundamentals
Friday, March 8, 2013 - 1:22pm | 132In a report published Friday, Dahlman Rose reiterated its Buy rating on CAI International (NYSE: CAP), and raised its price target from $28.00 to $35.50. Dahlman Rose noted, “We are reiterating our Buy rating and raising our price target on the common shares of CAI International to reflect...
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Dahlman Rose Reiterates Hold Rating on James River Coal Company on Major Restructuring
Friday, March 8, 2013 - 12:33pm | 152In a report published Friday, Dahlman Rose reiterated its Hold rating on James River Coal Company (NASDAQ: JRCC). Dahlman Rose noted, “In response to weak markets and a high CAPP operating cost structure, JRCC announced a major restructuring that idles 3MM tons of capacity in CAPP. Curtailments...
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UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Alaska Air Group on Common Shares Potential
Monday, March 4, 2013 - 12:21pm | 145In a report published Monday, Dahlman Rose reiterated its Buy rating on Alaska Air Group (NYSE: ALK), and raised its price target from $53.00 to $63.00. Dahlman Rose noted, “Our estimate is slightly below the consensus estimate of $5.45, but that is skewed by one high estimate; ex-ing out that...
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UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Western Refining on Robust Balance Sheet
Friday, March 1, 2013 - 1:48pm | 104In a report published Friday, Dahlman Rose reiterated its Buy rating on Western Refining (NYSE: WNR), and raised its price target from $32.00 to $42.00. Dahlman Rose noted, “WNR reported adjusted EBITDA of $298MM, ahead of our $278MM estimate. During the quarter, Midland crude differentials...
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UPDATE: Dahlman Rose Lowers PT on Pacific Drilling SA on Strong 4Q12, Light 2013 Guidance
Friday, March 1, 2013 - 1:45pm | 145In a report published Friday, Dahlman Rose reiterated its Buy rating on Pacific Drilling SA (NYSE: PACD), but slightly lowered its price target from $12.50 to $12.00. Dahlman Rose noted, “PACD provided revenue efficiency guidance of 91%-94%, which prompts us to lower our expectations to 93% from...
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UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Con-Way Following Site Visit
Friday, March 1, 2013 - 1:45pm | 108In a report published Friday, Dahlman Rose reiterated its Buy rating on Con-Way (NYSE: CNW), and raised its price target from $38.00 to $40.00. Dahlman Rose noted, “Our recent meeting with management at CNW and Con-Way Freight left us with increased confidence that the company should be able to...
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UPDATE: Dahlman Rose Raises PT on Scorpio Tankers on Clearer Growth Outlook
Wednesday, February 27, 2013 - 2:40pm | 123In a report published Wednesday, Dahlman Rose reiterated its Buy rating on Scorpio Tankers (NYSE: STNG), and raised its price target to $11.00. Dahlman Rose noted, “The $267MM credit facility announced on February 25 affords full visibility into the financing of the company's 20 ship newbuild...
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UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on U.S. Silica Holdings on Strong Q4, Growth Indications
Wednesday, February 27, 2013 - 2:40pm | 119In a report published Wednesday, Dahlman Rose reiterated its Buy rating on U.S. Silica Holdings (NYSE: SLCA), and raised its price target from $19.00 to $28.00. Dahlman Rose noted, “We believe SLCA is well-positioned to take advantage of the increase in overall service intensity driving demand...
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UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on PBF Energy on 4Q12 Earnings
Friday, February 22, 2013 - 3:45pm | 137In a report published Friday, Dahlman Rose reiterated its Buy rating on PBF Energy (NYSE: PBF), and raised its price target to $48.00. Dahlman Rose noted, “Earnings highlight strong refining market ahead of improved crude slate. Although 4Q12 did not reflect the company's full refining platform,...
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UPDATE: Dahlman Rose Downgrades Aircastle Limited to Hold on Limited Near-Term Upside
Friday, February 22, 2013 - 9:24am | 75Dahlman Rose downgraded Aircastle Limited (NYSE: AYR) from Buy to Hold. Dahlman Rose commented, "We are downgrading Aircastle to Hold from Buy. We believe the shares are fairly valued at current levels given the fleet and exposure to the air freight market. Aircastle has committed $210MM in...
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UPDATE: Dahlman Rose Upgrades FMC Technologies to Buy Ahead of Multi-Year Recovery
Friday, February 22, 2013 - 9:12am | 131Dahlman Rose upgraded FMC Technologies (NYSE: FTI) from Hold to Buy and announced a $65.00 price target. Dahlman Rose noted, "A powerful wave of orders has begun to affect subsea equipment providers that in our opinion will last for at least the next five years and probably more. We believe no one...
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UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Cimarex Energy Co. on Solid Quarter
Wednesday, February 20, 2013 - 11:40am | 87In a report published Wednesday, Dahlman Rose reiterated its Buy rating on Cimarex Energy Co. (NYSE: XEC), and raised its price target from $70.00 to $80.00. Dahlman Rose noted, “XEC reported both better-than-expected 4Q results and 2013 guidance; however, reserves fell short of expectations,...