Posts for Ticker ‘MWA’

Secondaries Keep Flooding In (DVR, FSP, HBAN, MWA, NMM, HEAT, SAH, SXCI, VVUS, BRKR)

Money Stack ImageYou know the market is still strong when secondary floodgates open up and are so well received that so many deals are seeing increased offerings.  Some of the deals we have seen this morning alone are Cal Dive International Inc. (NYSE: DVR), Franklin Street Properties Corp. (NYSE: FSP), Huntington Bancshares Incorporated (NASDAQ: HBAN), Mueller Water Products, Inc. (NYSE: MWA), Navios Maritime Partners L.P. (NYSE: NMM), SmartHeat Inc. (NASDAQ: HEAT), Sonic Automotive Corp. (NYSE: SAH), SXC Health Solutions (NASDAQ: SXCI), and VIVUS Inc. (NASDAQ: VVUS).  Of the deals that priced today, the total came to more than $1.4 billion.  We have also seen a new filing out of Bruker Corporation (NASDAQ: BRKR) for selling family members not tied to the business.  Full details and some added color on each deal are provided below.
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Posted on: September 18, 2009 – 9:58 am in Banking, Brokerage Firms, Secondary Offering, , , , , , , , , ,

Top Analyst Upgrades (ATHN, BPSG, FWRD, JDAS, MRVL, MWA, SWY, STT)

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Tuesday morning with about two hours until the market opens:

athenahealth (ATHN) Raised to Outperform at Blair.
Broadpoint Securities (BPSG) Started as Outperform at KBW.
Forward Air (FWRD) Raised to Buy at KeyBanc.
JDA Software (JDAS) Started as Outperform at JMP Securities.
Marvell (MRVL) Raised to Outperform at JMP Securities.
Mueller Water (MWA) Raised to Perform at Oppenheimer.
Safeway (SWY) Raised to Buy at Jefferies.
State Street (STT) Started as Outperform at Bernstein.

JON C. OGG

Posted on: June 9, 2009 – 6:39 am in Analyst Calls, , , , , , , ,

Top 10 Pre-Market Analyst Calls (ASMI, BWA, CCL, RCL, EMC, SSP, MWA, NSM, NST, SCG, WBMD)

These are ten of the analyst calls we are focusing on early this Wednesday morning in pre-market trading:

  • ASM Intl NV (NASDAQ: ASMI) raised to Buy at Jefferies.
  • BorgWarner (NYSE: BWA) Raised to Overweight from Equalweight at Lehman.
  • Carnival (NYSE: CCL) and Royal Caribbean (RCL) were both Downgraded to Hold from Buy at ABN AMRO.
  • EMC Corp (NYSE: EMC) cut to Neutral at Bernstein.
  • EW Scripps (NYSE: SSP) raised to Outperform at Bear Stearns.
  • Mueller Water Products (NYSE: MWA) Raised to Outperform from Neutral at Baird.
  • National Semi (NYSE: NSM) raised to Buy at Deutsche Bank.
  • NStar (NYSE: NST) Cut to Sell from Neutral at Goldman Sachs.
  • Scana Corp. (NYSE: SCG) Cut to Sell from Neutral at Goldman Sachs.
  • WebMD Health (NASDAQ: WBMD) Cut to Sell from Neutral at Goldman Sachs.

Jon C. Ogg
June 18, 2008

Posted on: June 18, 2008 – 6:37 am in Analyst Calls, , , , , , , , , , ,

Airline Mergers Don’t Work (DAL)(UAUA))(NWA)

Perhaps the people at Delta (DAL) did not get the memo. The reasons for airline mergers seem to be a bit soft. While there may be come savings in cutting ground crews and reservations people, customers often walk away from the mess of a merger. Service just becomes too poor.

“A merger almost inevitably is going to cause some service problems,” said Philip A. Baggaley, an analyst at Standard & Poor’s told The New York Times.

Mergers also do nothing to address high fuel costs, infrastructure, and aircraft maintenance expenses.

False economies may drive another round of carrier mergers, but they won’t keep airlines out of bankruptcy court if fuel costs stay high and the economy is weak.

The reasons that airline boards are looking at big combinations is that hope springs eternal. A merger may bring some short-term savings and "buy time" for an upturn in the economy to lift all boats.

The big airlines have another alternative. Do the hard thing. Get with labor. Cut costs. Or have another wreck in which jobs are lost more randomly because they cannot be supported by revenue.

Douglas A. McIntyre

Posted on: January 17, 2008 – 4:01 am in Airlines, , ,