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| Company Name | Symbol | %Change |
|---|---|---|
| ALLIANCE FIB | AFOP | 9.31% |
| SONIC FOUNDR | SOFO | 7.77% |
| VELTI PLC OR | VELT | 7.58% |
| TRI TECH HOL | TRIT | 6.62% |
| A M R CP | AAMRQ | 4.52% |
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• Manufacturer and distributors of stainless steel and titanium products, Carpenter Technology (NYSE:CRS) has concluded a merger agreement with Latrobe Specialty Metals as per which the former will acquire the latter in a deal worth around $558 million
• Shares of PNC Financial Services (NYSE:PNC) fell marginally, by 1.96% after the company announced it was acquiring the U.S. retail banking operations of the Royal Bank of Canada for $3.45 billion
• Chinese electric-motor manufacturer Harbin Electric (NASDAQ:HRBN) has entered into a definitive agreement as per which it will be acquired by a company owned by Chairman and Chief Executive Tianfu Yang for $744 million
• Share prices of Agrium Inc. (NYSE:AGU) jumped 4.05% to close at $82.98 after the company increased its outlook for second quarter earnings. Agrium said strong retail sales and higher nutrients prices were the factors behind this revision
• PetSmart, Inc. (NASDAQ:PETM) share prices increased marginally, by 2.19%, to close at $44.34 after the provider of specialty pet products increased its dividend payout and initiated a share buyback program
• Early on Monday, Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) announced that its pain treatment which is owned jointly by Acura and Pfizer Inc (NYSE:PFE) has received approval from the FDA. Reacting to the news, share prices of the pharma company rose 16.28% to close at $4.50
• ISI Group upgraded shares of Biogen Idec Inc. (NASDAQ:BIIB) from "Hold" rating to "Buy" rating after the company's multiple sclerosis drug BG-12's showed promising results
• Analysts at Deutsche Bank (NYSE:DB) upgraded Ashland Inc. (NYSE:ASH) to “Buy rating from “Hold rating with a target price of $75.00
• Analysts at Goldman Sachs (NYSE:GS) upgraded the coal sector to “Attractive rating from “Neutral rating
• Analysts at Robert W. Baird downgraded Almost Family, Inc. (NASDAQ:AFAM) to “Underperform rating from “Neutral rating and lowered the target price from $32.00 to $21.00
• Shares of Skyworks Solutions (NASDAQ:SWKS) were downgraded by analysts of Deutsche Bank (NYSE:DB) from "Buy" rating to "Hold" while its target price was lowered from $40.00 to $30.00
Read the full Snapshot Report on CRS
Read the full Analyst Report on PNC
Read the full Analyst Report on AGU
Read the full Snapshot Report on PETM
Read the full on ACUR
Read the full Analyst Report on PFE
Read the full Analyst Report on BIIB
Read the full Snapshot Report on DB
Read the full Snapshot Report on ASH
Read the full Analyst Report on GS
Read the full Snapshot Report on AFAM