Wesco Aircraft (NASDAQ: WAIR), Tangoe (NASDAQ: TNGO), Teavana (NYSE: TEA), Dunkin Brands (NASDAQ: DNKN), The Chefs Warehouse, Inc (NASDAQ: CHEF) and American Midstream Partners LP (NASDAQ: AMID) get new coverage from analysts.
Raymond James (NYSE:RJF) initiated coverage on Tangoe (TNGO). They have a "Strong Buy" rating and price target of $16.50 on the company.
Morgan Stanley (NYSE:MS) initiated coverage on Teavana (TEA). They have an "Equal Weight" rating on the company.
Stifel Nicolaus initiated coverage on Dunkin Brands (DNKN). They placed a "Buy" ratingand a price target of $33.00 on the company.
Wells Fargo & Co. (NYSE:WFC) initiated coverage on The Chefs Warehouse, Inc (CHEF). They have an "Outperform" rating on the company.
Citigroup (NYSE:C) initiated coverage on American Midstream Partners LP (NASDAQ: AMID). They placed a "Buy" rating on the company.
Canaccord Genuity initiated coverage on Wesco Aircraft (WAIR). They have an "Overweight" rating on the company.
Showing posts with label Wesco. Show all posts
Showing posts with label Wesco. Show all posts
Tuesday, September 6, 2011
Thursday, November 4, 2010
Emerson Electric (NYSE:EMR) Should Finish 2010 Strong, but Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU) Have More Upside
FBR Capital said they like the portfolio mix of Emerson Electric (NYSE:EMR), and maintained their "Market Perform on them, although they said they believe competitors like 3M (NYSE:3M), Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU) have strong growth potential.
"With regard to the shares, we like Emerson’s portfolio mix at this stage in the cycle, and we expect continuing positive trends in the company’s mid- to late-cycle businesses. Even as near-term incremental margins could be muted in the 25%–30% range as the company boosts investments, we see positives in the higher long-term growth trajectory. That said, at 15.6x our above-consensus estimates, EMR shares are trading at a 12% P/E premium to large-cap peers, and we see greater upside to our price targets in Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU). We are increasing our FY12 EPS estimate from $3.75 to $4.00, reflecting better growth"outlook," said FBR.
Emerson closed Wednesday at $54.58, losing $0.14, or 0.26 percent. FBR raised their price target on Emerson from $58 to $60.
"With regard to the shares, we like Emerson’s portfolio mix at this stage in the cycle, and we expect continuing positive trends in the company’s mid- to late-cycle businesses. Even as near-term incremental margins could be muted in the 25%–30% range as the company boosts investments, we see positives in the higher long-term growth trajectory. That said, at 15.6x our above-consensus estimates, EMR shares are trading at a 12% P/E premium to large-cap peers, and we see greater upside to our price targets in Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU). We are increasing our FY12 EPS estimate from $3.75 to $4.00, reflecting better growth"outlook," said FBR.
Emerson closed Wednesday at $54.58, losing $0.14, or 0.26 percent. FBR raised their price target on Emerson from $58 to $60.
Thursday, August 26, 2010
Berkshire (NYSE:BRK-A), Buffet, Acquiring Rest of Wesco Financial (NYSE:WSC) Shares
Wesco Financial (NYSE:WSC) Shares soared on the news Warren Buffett, via Berkshire Hathaway (NYSE:BRK-A), would be acquiring the remaining shares in the company they don't own, according to an SEC filing.
The remaining amount of the shares not owned by Berkshire were 19.9 percent.
Terms of the deal proposed by Berkshire t Wesco were for an "+exchange for Berkshire Class B shares and/or cash valued at the book value per share of Wesco as of a time reasonably contemporaneous with the closing of such a transaction."
Berkshire is attempting to structure the deal in such a way as to not make it a taxable event for Wesco shareholders.
The deal will only go forward if the Board of Directors of both companies give their approval, along with a majority vote by remaining Wesco shares if a meeting is called for that purpose.
If the deal isn't approved, Wesco will continue to operate as a 80.1%-owned subsidiary of Berkshire.
The remaining amount of the shares not owned by Berkshire were 19.9 percent.
Terms of the deal proposed by Berkshire t Wesco were for an "+exchange for Berkshire Class B shares and/or cash valued at the book value per share of Wesco as of a time reasonably contemporaneous with the closing of such a transaction."
Berkshire is attempting to structure the deal in such a way as to not make it a taxable event for Wesco shareholders.
The deal will only go forward if the Board of Directors of both companies give their approval, along with a majority vote by remaining Wesco shares if a meeting is called for that purpose.
If the deal isn't approved, Wesco will continue to operate as a 80.1%-owned subsidiary of Berkshire.
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