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Danaher (DHR) makes acquisition, cuts jobs

DHR logoDanaher (NYSE: DHR - option chain) shares are rising today after the company agreed to purchase AB Sciex from MDS Inc. (NYSE: MDZ) and Life Technologies (NASDAQ: LIFE) for a combined $1.1 billion. DHR also announced more details of its restructuring, doubling the number of jobs eliminated.

If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on DHR.

Continue reading Danaher (DHR) makes acquisition, cuts jobs

Analyst upgrades, downgrades and initiations: CAL, NETL, MAPP, DDUP, LMT ...

Analyst upgrades:
  • Jefferies upgraded MDS Inc. (NYSE: MDZ) to Buy from Hold on valuation as it believes shares are pricing in a "worst case" scenario at current levels. The firm keeps a $6.50 target on the stock.
  • JP Morgan upgraded Continental (NYSE: CAL) to Overweight from Neutral on valuation as it believes the recent sell-off is overdone. The firm keeps a $13 price target on the stock.
  • Thomas Weisel is positive on Allergan's (NYSE: AGN) diverse product portfolio, global infrastructure, vertical integration, and deep pipeline. The firm upgraded shares to Overweight from Market Weight and has a $54 target on the stock.
  • NetLogic (NASDAQ: NETL) was upgraded to Buy from Neutral at Piper.
  • Dover (NYSE: DOV) was raised to Buy from Neutral at Banc of America/Merrill.
  • Map Pharmaceuticals (NASDAQ: MAPP) was upgraded at Argus to Hold from Sell.

Continue reading Analyst upgrades, downgrades and initiations: CAL, NETL, MAPP, DDUP, LMT ...

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 08:51 PM

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