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Showing Commentaries 1 - 15 out of 52553 found.

Abiomed Reaffirmed at Neutral - Analyst Blog

We retain our Neutral recommendation on Abiomed Inc (ABMD) following the company's record first-quarter fiscal 2013 results which edged past the Zacks Consensus Estimates. Adjusted earnings per share came in at 8 cents, surpassing the year-ago loss of 11 cents, while revenues soared 42% year over year to $38.8 million. The results reflect the burgeoning Impella utilization in the domestic...

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FDA Approval for Covidien's iDrive - Analyst Blog

Leading health care products company, Covidien plc. (COV) recently received 510(k) approval from the U.S. Food and Drug Association (FDA) for its iDrive Ultra powered stapling system. It is a first of its kind fully powered, battery-operated, reusable endoscopic stapler used during laparoscopic and open surgeries. The system will be available in the U.S. early in the fourth quarter of 2012....

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Healthy August Sales for Target - Analyst Blog

Target Corporation (TGT), posted strong sales results for the four-week period ended August 25, 2012. Target, the operator of general merchandise and food discount stores in the United States, registered an increase of 4.2% in comparable-store sales for August 2012 compared with a 4.1% rise in August 2011, driven by an elevation in average transaction size coupled with an increase in...

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AET Renews Agreement, Creates PCMH - Analyst Blog

Health insurer Aetna Inc. (AET) announced that it has renewed the agreement with Novant Health Care. According to the new agreement, the latter will continue to provide its healthcare related service to Aetna's members. A value based agreement has also been created for Novant's certified Patient Centered Medical Homes ("PCMH"). Novant's PCMH-certified practices will receive a reimbursement...

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DuPont Selling Coatings Biz to Carlyle - Analyst Blog

Chemical and industrial products behemoth E. I. du Pont de Nemours and Company (DD) struck a deal with private equity firm Carlyle Group to divest its performance coatings business for $4.9 billion in cash. The transaction is expected to be closed in the first quarter of 2013, subject to necessary approvals. DuPont intends to sell its performance coatings business to better focus on...

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Tough Time for Nokia - Analyst Blog

Nokia Corporation (NOK) was hard hit as Samsung Electronics Co. unveiled its new Windows Phone8 software-based smartphones. Samsung places it in direct competition with Nokia's Lumia smartphones. Samsung became the first company to launch smartphones based on Windows Phone8 software and tipped developer Microsoft Corporation's (MSFT) biggest Windows Phone partner Nokia who expects to release...

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Discover Extends Provider Agreement - Analyst Blog

PULSE, a unit of Discover Financial Services (DFS), has announced an extension of its network provider agreement with Motorola Employees Credit Union ("MECU"). Per the new agreement, MECU's 39,000 members will be able to use PULSE's PIN debit network for monetary transactions. The new agreement entitles members the access to PULSE's point-of-sale terminals at various retail locations as well...

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Cabela's Expands in Saskatchewan - Analyst Blog

In an attempt to expand its operational roots, Cabela's Inc. (CAB), is all set to serve the residents of Regina, Saskatchewan, Canada, by adding a new store. This new offering will furnish the residents of the region an additional avenue to own hunting, fishing, camping, and related outdoor merchandise. The new 50,000 square feet store is slated to open in fall 2013 or spring 2014 and would...

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VALE Rec Remains Neutral - Analyst Blog

We are maintaining our Neutral recommendation on Vale S.A. (VALE) based on the optimism stemming from the worldwide demand upside for metals and minerals owing to industrial development. The industrial development is expected to drive growth in the commercial market for miners like Vale, particularly on the back of rising spot prices for metals and minerals. On this backdrop, we believe that...

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Canadian Pacific Remains Neutral - Analyst Blog

We remain encouraged by Canadian Pacific's (CP) healthy performance backed by volume addition, safety and efficiency, and cost metrics. Additionally, pricing above inflationary levels and higher fuel surcharges are expected to aid revenue growth in 2012. We remain optimistic on Canadian Pacific's major freight segment that will continue to support revenue growth in the upcoming quarters....

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MAA Extends Texas Footprint - Analyst Blog

MAA (MAA), an apartment-only real estate investment trust (REIT), has recently completed the acquisition of Haven at Blanco -- a 436-unit multifamily apartment community in San Antonio, Texas. The property was acquired from an unnamed seller for an undisclosed amount. Built in 2010, the Haven at Blanco features apartments with an average size of 1,063 square feet. The upscale community...

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St. Jude Presents Positive Data - Analyst Blog

Medical devices major, St. Jude Medical, Inc. (STJ) recently released positive interim data from the EnligHTN I (ARSENAL) trial that is evaluating the safety and efficiency of the EnligHTN renal denervation system. The interim data demonstrated that the EnligHTN system reduced systolic blood pressure by 28 points on an average in patients with resistant hypertension after a month of...

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Successive Contracts for Tetra Tech - Analyst Blog

Tetra Tech, Inc. (TTEK) recently announced that it has secured an indefinite delivery/indefinite quantity contract worth $489 million from the U.S. Army Chemical Materials Agency (CMA) and is a part of Integration Support V (PAIS V) contract. As per the contract, the company will be providing program management and technical support to the CMA and the Assembled Chemical Weapons Alternatives...

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Anniversary Sale Boosts JWN's Comps - Analyst Blog

Leading fashion retailer, Nordstrom Inc. (JWN), came up with outstanding comparable store sales (comps) for the four-week period ended August 25, 2012. Gaining largely from the shift in the timing of its largest sale event of the year - the Anniversary Sale - partly into August, Nordstrom posted a fabulous 21.0% increase in comps. The event was carried out over a period of 8 days in August...

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BAC Makes Fee Disclosure Simpler - Analyst Blog

On Wednesday, Bank of America Corporation (BAC) said that it will offer customers a new, easy-to-read two-page statement with complete information about fees, terms and primary features for checking accounts. This move follows similar steps taken by other major U.S. financial institutions. Banking giants such as J.P. Morgan Chase & Co. (JPM), Citigroup, Inc. (C), Capital One Financial...

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