Company News for July 7, 2011 - Corporate Summary
July 07 2011 - 4:10AM
Zacks
• Share prices of disk-drive components suppliers
Hutchinson Technology Inc. (NASDAQ:HTCH) shot up by 21.15% after
the company said it is optimistic about posting
higher-than-expected third quarter earnings results
• Shares of drug developer ImmunoGen, Inc.
(NASDAQ:IMGN) gained 9.50% after analysts at
Jefferies initiated coverage on the company with a "Buy" rating
• According to reports from Bloomberg and New
York Times, Kinetic Concepts (NYSE:KCI) which provides wound
healing technology is planning to go private in a leveraged
buyout
• Skin-care products manufacturer PhotoMedex Inc.
(NASDAQ:PHMD) announced plans to buy rival Radiancy Inc. for $174
million in stock in a reverse merger. The deal will help PhotoMedex
to grow and expand Radiancy's hair removal kit market
• U.S. listed share prices of Canadian
telecom-equipment maker DragonWave, Inc. (NASDAQ:DRWI)
declined by 13.45% on news that the telecom company's chief of
sales has left the company
• U.S. trucking and logistics company Con-Way Inc
(NYSE:CNW) announced it was restoring certain employee benefits
because of a much improved economy. Shares of Con-Way increased
5.65% to close at $41.87
• Shares of electric-car battery maker Ener1,
Inc. (NASDAQ:HEV) were upgraded by Wunderlich Securities Inc. from
"Sell" rating to "Hold" rating
• Analysts at Janney Capital Markets raised their
rating on the shares of prepaid card company Green Dot Corp.
(NYSE:GDOT) from "Sell" rating to "Neutral" rating
• Goldman Sachs (NYSE:GS) downgraded Cepheid
(NASDAQ:CPHD) to "Neutral" rating from "Buy" rating with a target
price of $35.00 citing the move as a valuation call
CON-WAY INC (CNW): Free Stock Analysis Report
CEPHEID INC (CPHD): Free Stock Analysis Report
DRAGONWAVE INC (DRWI): Free Stock Analysis Report
GREEN DOT CP-A (GDOT): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
ENER1 INC (HEV): Free Stock Analysis Report
HUTCHINSON TECH (HTCH): Free Stock Analysis Report
IMMUNOGEN INC (IMGN): Free Stock Analysis Report
KINETIC CONCPTS (KCI): Free Stock Analysis Report
PHOTOMEDEX INC (PHMD): Free Stock Analysis Report
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