market analysis

Citigroup Lowered Its PT For Benchmark Electronics To $17, Maintained Its Sell Rating

The bank sees 2011 EPS of $1.31, vs. consensus estimates of $1.46 per share, and 2012 EPS of $1.64, vs. consensus estimates of $1.68 per share.

Benchmark Electronics has a potential upside of 21.8% based on a current price of $16.75 and an average consensus analyst price target of $20.4.

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Citigroup lowered its price target for Benchmark Electronics (NYSE:BHE) to $17 from $18 and maintained its sell rating on the stock.

By FNNO Staff
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Morgan Stanley Raised Its EPS Estimates For Warner Chilcott

The bank sees 2011 EPS of $3.70, up from $3.53 per share, and 2012 EPS of $4.10, up from $4.07 per share.

Warner Chilcott has a potential upside of 24.8% based on a current price of $23.7 and an average consensus analyst price target of $29.57.

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Morgan Stanley raised its 2011 and 2012 EPS estimates for Warner Chilcott (NASDAQ:WCRX) and maintained its overweight rating and $27 price target.

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Micrel Shares Down 9% After Reporting Reduced Q1 Outlook

The stock is seeing a narrower downside move than the 14% drop posted in Monday's after-hours trade after the company issued its revised outlook.

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Micrel (MCRL) shares are down 9% today at $13.08 after its Q1 earnings report yesterday that its revenue outlook will be down to a range of minus 10% to minus 11% compared with its initial guidance range of minus 2% to minus 6%. T

By FNNO Staff
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General Motors Invests $100 Million to Add 30 Jobs in Rochester, N.Y.

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General Motors (GM) announced Tuesday that it will invest $100 million towards more jobs and automotive components. The auto giant said it plans to add 30 jobs and purchase tooling and equipment for its GM Components Holdings Roch

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Morgan Stanley Initiated Coverage Of Marriott International

Marriott International has a potential upside of 30.3% based on a current price of $34.53 and an average consensus analyst price target of $45.

Marriott International is currently below its 50-day moving average (MA) of $38.18 and below its 200-day MA of $37.12.

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Morgan Stanley initiated coverage of Marriott International (NYSE:MAR) with an equal-weight rating and $38 price target.

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LightPath Technologies Weakens 9% on Lower Q3 Revenue

The company attributed the decrease in its revenue to the impact of the long Chinese New Year holiday in February.

Shares are down $0.17 to $1.70.

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Shares of LightPath Technologies (LPTH) are down 9% after the company released its preliminary results for the third quarter, reporting a 9% drop in its revenue. The company said quarterly revenue was $2.43 million, versus $2.66 m

By FNNO Staff
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Identive Group Jumping 30% After Securing Google Places Deal

ACiG's sister company, Smartag, manufacture the NFC stickers.

The stock is up 30% to $3.47.

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Identive Group (INVE), an international technology group focusing on identification-based technologies, is up a hefty 30% during regular trading today after its ACiG Technology business was selected as the exclusive suppplier of n

By FNNO Staff
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Harman Deal With Volkswagen Expanded To Include Asia (HAR)

The expanded deal builds on Harman's previously announced award for the European and American markets, with the total value of the deal now about $1.6 billion.

Dinesh C.

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Harman International Industries (NYSE:HAR) announced today that it has won a contract to provide next generation scalable premium infotainment solutions for Volkswagen Group's brands in Asia.

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MasterCard OKs $1 Bln Increase to Stock Buyback Authorization

The incremental $1.0 billion share repurchase authorization, which is effective immediately, increases its Class A share repurchase program, announced on September 14, 2010, to an aggregate of $2.0 billion.

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MasterCard (MA) announced that its Board of Directors has amended its existing share repurchase program authorizing the company to repurchase an incremental $1.0 billion of its Class A common stock in open market transactions.

By FNNO Staff
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eBay to Acquire Shares in Turkey's GittiGidiyor

According to EBAY, it does not expect the acquisition to have a material impact on its financial guidance as issued both in conjunction with its fourth quarter earnings release on January 19, 2011 and updated on March 28, 2011.

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eBay (EBAY) announced today that it has entered into an agreement to acquire additional shares in GittiGidiyor, an online marketplace in Turkey. EBAY already owns a minority stake in the company since 2007. Once the transaction is

By FNNO Staff
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