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Aeroflex posts

Aeroflex Eyes a $500 Million IPO

Posted Apr 7th 2010 3:45PM by Tom Taulli (RSS feed)
Filed under: Private Equity, Initial Public Offerings

Before going private in 2007, Aeroflex Holding had been a public company for 46 years. Well, now the company has filed for an IPO, planning to raise up to $500 million.

Aeroflex develops radio frequency and microwave circuits and components. The primary focus is on demanding applications, such as for space, avionics, defense and medical. As a result, the margins are fairly high.

Continue reading Aeroflex Eyes a $500 Million IPO

Analyst downgrades 3-06:07: National City & Pathmark Stores downgraded

Posted Mar 6th 2007 10:47AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News

MOST NOTEWORTHY: Some of today's notable downgrades were National City Corp (NCC), Aeroflex Inc (ARXX) and Compass Minerals International (CMP):

Morgan Stanley cut National City Corp (NYSE: NCC) to Underweight from Equal-Weight with and $35 target to reflect increased losses on the company's remaining subprime loans and slower growth in the Midwest.

AG Edwards downgraded Aeroflex Inc (NASDAQ: ARXX) to Sell from Buy to reflect the company's acquisition agreement.

Matrix USA cut Compass Minerals Int'l (NYSE: CMP) to Strong Sell from Buy to reflect weak demand for deicing products.

OTHER DOWNGRADES:

CIBC downgraded Pathmark Stores Inc (NASDAQ: PTMK) to Sector Perform from Outperformer based on the Great Atlantic & Pacific Tea Co (NYSE: GAP) acquisition.

UBS cut Apria Healthcare Group Inc (NYSE: AHG) to Reduce from Neutral on valuation.

Goldman Sachs downgraded Progressive Gaming International Corp (NASDAQ: PGIC) and Strategic Hotels & Resorts Inc (NYSE: BEE) to Sell from Neutral.