Cisco upgraded to 'Outperform' at William Blair; analyst sees pent-up demand, new dealsOctober 7th, 2009 Ahead of the Bell: Cisco upgraded at William BlairNEW YORK — Cisco Systems Inc. is winning new deals and benefiting from a broad economic recovery, a William Blair analyst said Wednesday as he upgraded the company's stock.
Analyst lifts PetSmart to 'Buy,' says co. likely to benefit when discretionary spending liftsOctober 5th, 2009 Analyst raises PetSmart to 'Buy' from 'Neutral'NEW YORK — PetSmart Inc. climbed Monday as an analyst upgraded the pet food and products retailer, saying the company will likely benefit when discretionary spending picks up with an potential 2010 economic recovery.
RAM Energy shares soar as analyst initiates coverage with "Market Outperform" ratingOctober 1st, 2009 RAM Energy shares soar as analyst initiates ratingNEW YORK — Shares of oil and gas company RAM Energy Resources Inc. soared on Thursday, as an analyst initiated coverage of the company with a "Market Outperform" rating.
American Superconductor shares rise as analyst reiterates "Outperform" ratingSeptember 23rd, 2009 American Superconductor shares riseNEW YORK — Shares of American Superconductor Corp., which makes equipment for power generators and utilities, rose on Wednesday as an analyst reiterated an "Outperform" rating for the company. American Superconductor shares rose 58 cents to $31.67 in afternoon trading.
FedEx's freight unit President and CEO Doug Duncan to retire on Feb. 28September 22nd, 2009 FedEx's freight unit president and CEO to retireNEW YORK — FedEx Corp., the world's second largest package delivery company, said Tuesday the president and CEO of its freight unit will retire. The company said Tuesday in a filing with the Securities and Exchange Commission that Douglas G.
Analyst lifts Zimmer rating on new product launches, expects implant market recovery in 2010September 21st, 2009 Zimmer rises following upgrade to 'Outperform'NEW YORK — Shares of Zimmer Holdings Inc. traded higher Monday after a Sanford Bernstein analyst upgraded the orthopedic implant maker, saying a series of new product launches should lead to a recovery in revenue and share price.
FedEx 1Q earnings fall 53 percent; says profit will remain weak through end of yearSeptember 17th, 2009 FedEx 1Q earnings fall 53 percentNEW YORK — FedEx Corp. said Thursday its first-quarter earnings fell 53 percent — matching its prediction released last week — and warned its profit will remain weak through at least the end of the year.
FedEx shares jump as it boosts 1Q profit guidance on improved international demand, cost cutsSeptember 11th, 2009 FedEx boosts 1Q earnings guidance, shares upNEW YORK — FedEx Corp., the world's second largest package delivery company, raised its first-quarter earnings forecast on Friday, citing better-than-expected international shipments and cost-cutting. Its shares leapt more than 6 percent in midday trading.
FedEx boost 1Q profit guidance due to improved international demand, cost cut, shares jumpSeptember 11th, 2009 FedEx boosts 1Q earnings guidance, shares jumpMEMPHIS, Tenn. — FedEx Corp., the world's second largest package delivery company, raised its first-quarter earnings forecast on Friday, citing better-than-expected international shipments and cost-cutting.
Battery maker Exide Technologies rises as analyst rates the stock "Outperform"September 10th, 2009 Analyst rates Exide Technologies stock highlyNEW YORK — Shares of Exide Technologies rose Thursday after an analyst began covering the battery maker with an "Outperform" rating on the stock and expectations of a successful restructuring. Wedbush Morgan analyst Craig Irwin, who also set a $13 price target on the stock, said the Milton, Ga.-based company is "well positioned to resume its successful restructuring with management's recent closure of plants in France and the U.K., and other actions matching production to lower unit demand."
Also, Exide's integration with battery recycling smelters in North America is a key strategic asset that can allow lower cost commodity procurement, while competitors largely acquire lead from third parties, Irwin said in a client note.
Analyst starts coverage of FedEx and UPS, says FedEx shares have more room to growAugust 18th, 2009 Sector Snap: Analyst starts coverage of FedEx, UPSNEW YORK — An RBC Capital Markets analyst initiated coverage on the world's two largest package delivery carriers on Tuesday, saying that FedEx Corp. shares might grow more as the economy begins to recover.
FedEx declares regular quarterly dividend of 11 cents, payable Oct. 1August 14th, 2009 FedEx sets 11-cent quarterly dividendMEMPHIS, Tenn. — FedEx Corp.
Shares of Overseas Shipholding dip after downgrade by FBRJune 26th, 2009 FBR downgrades Overseas ShipholdingNEW YORK — Shares of Overseas Shipholding Group Inc. fell Friday after FBR Capital Markets downgraded the stock, citing the possibility of disappointing second-quarter earnings.
FedEx to launch campaign against UPS over bill that would ease union organizingJune 8th, 2009 FedEx readies campaign against UPS over labor billNEW YORK — FedEx Corp. is set to launch a multimillion dollar marketing campaign on Tuesday against chief rival UPS Inc., arguing the world's largest shipping carrier is the driving force behind a bill that would make it easier for FedEx workers to unionize.
FedEx expects to take $1.2B in fiscal 4th-qtr charges related to acquisitions, employee costsJune 3rd, 2009 FedEx expects to take $1.2B in fiscal 4Q chargesNEW YORK — FedEx says it will book a total of $1.2 billion in charges in its fiscal fourth quarter as writedowns on the value of two acquisitions ended up being bigger than originally anticipated. The Memphis, Tenn.-based package delivery company said Wednesday it will take a noncash charge of about $900 million related to the 2004 purchase of Kinko's, now known as FedEx Office.
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