For Immediate Release
Chicago, IL – September 11, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Goldman Sachs Group Inc. (
GS
- Analyst Report
)
, The Carlyle Group LP (
CG
- Snapshot Report
)
, Vale S.A. (
VALE
- Analyst Report
)
, West Pharmaceutical Services (
WST
- Snapshot Report
)
and Rexam plc. (
REXMY
)
.
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Monday’s Analyst Blog:
Goldman to Vend Cogentrix
The Goldman Sachs Group Inc. (
GS
- Analyst Report
)
came up with the decision to divest its North Carolina-based Cogentrix Energy LLC, the power plant development unit, to Carlyle Infrastructure Partners, the infrastructure fund ofThe Carlyle Group LP (
CG
- Snapshot Report
)
. Financial terms of the deal, which is anticipated to be closed in the fourth quarter of 2012, remained undisclosed.
Under the terms of the deal, Carlyle will receive admittance to three coal-fired and two solar power plants in Florida, Virginia, Colorado and California, along with a development pipeline with over 550 megawatts (MW) of operational capacity. However, Goldman will hold a minority stake in one of the power plants.
With such an investment, Carlyle aims to acquire significant market share in the energy business. Carlyle will finance the deal with the help of infrastructural fund of $1.14 billion.
In 2003, Goldman purchased Cogentrix for $115 million and took over $2.3 billion in debt. Since then, Cogentrix has acquired 26 coal- and natural-gas-fired power plants. However, after the acquisition in the last decade, Goldman vended most of the plants in order to reap financial benefits from the proceedings of the sale. Moreover, through the sales, it aims to maximize the value of the remaining assets and receive commercial benefits.
Other commodity sector investments of Goldman include U.S. metals warehousing firm Metro International bought in 2010, and earlier in 2012, Goldman paid about $400 million to acquire Colombian coal mine assets from Brazil-basedVale S.A. (
VALE
- Analyst Report
)
.
With the investment in the energy business, Carlyle strategizes to expand in a significant segment of the global economy. Working with the diligent development team of Cogentrix, Carlyle will be able to enhance its investment capabilities. Moreover, with such initiatives, development of conventional and renewable power projects across the U.S. is expected.
Goldman currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. Considering the fundamentals, we also maintain a long-term ‘Neutral’ recommendation on the stock.
West Pharma Ties with Janssen Biotech
West Pharmaceutical Services (
WST
- Snapshot Report
)
inked an agreement with Janssen Biotech, Inc. to develop and manufacture a leading-edge self-injection product. Per the agreement, West will market the latest self-injection technology, aptly named SelfDose.
SelfDose, developed by Janssen Biotech will meet patient needs by simplifying self-injection technology for various pharmaceutical and biologic drugs. The collaboration will enable West to enhance its existing portfolio of self-injection technology as it is under obligation to co-develop and commercialize SelfDose. Janssen Biotech’s latest offering delivers advanced manual injection and complements West’s ConfiDose and SmartDose injection technologies.
The agreement allows West to provide technological and regulatory support to Janssen Biotech. Management at West is optimistic about its collaboration with Janssen Biotech as the opportunity will enable the company to meet its business goals.
West’s undertaking for business expansion while providing quality solutions to its consumers is rooted in this recent collaboration. According to the company, SelfDose can eliminate the problems emanating from the lack of a safe and effective medication delivery mechanism, especially when the administrator is the patient.
West is a global leader in provision of drug administration systems and components for packaging, as well as delivery of injectable drugs and delivery system components across various industries. The company has a significant competitive advantage in the market it serves. Additionally, it continues to make headway into new geographies to expand its business.
However, macroeconomic pressure across the globe remains a headwind.
West, which competes withRexam plc. (
REXMY
)
, currently has a Zacks #2 Rank, which translates into a short-term Buy rating.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
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For Immediate Release
Chicago, IL – September 11, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Goldman Sachs Group Inc. ( GS - Analyst Report ) , The Carlyle Group LP ( CG - Snapshot Report ) , Vale S.A. ( VALE - Analyst Report ) , West Pharmaceutical Services ( WST - Snapshot Report ) and Rexam plc. ( REXMY ) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Monday’s Analyst Blog:
Goldman to Vend Cogentrix
The Goldman Sachs Group Inc. ( GS - Analyst Report ) came up with the decision to divest its North Carolina-based Cogentrix Energy LLC, the power plant development unit, to Carlyle Infrastructure Partners, the infrastructure fund ofThe Carlyle Group LP ( CG - Snapshot Report ) . Financial terms of the deal, which is anticipated to be closed in the fourth quarter of 2012, remained undisclosed.
Under the terms of the deal, Carlyle will receive admittance to three coal-fired and two solar power plants in Florida, Virginia, Colorado and California, along with a development pipeline with over 550 megawatts (MW) of operational capacity. However, Goldman will hold a minority stake in one of the power plants.
With such an investment, Carlyle aims to acquire significant market share in the energy business. Carlyle will finance the deal with the help of infrastructural fund of $1.14 billion.
In 2003, Goldman purchased Cogentrix for $115 million and took over $2.3 billion in debt. Since then, Cogentrix has acquired 26 coal- and natural-gas-fired power plants. However, after the acquisition in the last decade, Goldman vended most of the plants in order to reap financial benefits from the proceedings of the sale. Moreover, through the sales, it aims to maximize the value of the remaining assets and receive commercial benefits.
Other commodity sector investments of Goldman include U.S. metals warehousing firm Metro International bought in 2010, and earlier in 2012, Goldman paid about $400 million to acquire Colombian coal mine assets from Brazil-basedVale S.A. ( VALE - Analyst Report ) .
With the investment in the energy business, Carlyle strategizes to expand in a significant segment of the global economy. Working with the diligent development team of Cogentrix, Carlyle will be able to enhance its investment capabilities. Moreover, with such initiatives, development of conventional and renewable power projects across the U.S. is expected.
Goldman currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. Considering the fundamentals, we also maintain a long-term ‘Neutral’ recommendation on the stock.
West Pharma Ties with Janssen Biotech
West Pharmaceutical Services ( WST - Snapshot Report ) inked an agreement with Janssen Biotech, Inc. to develop and manufacture a leading-edge self-injection product. Per the agreement, West will market the latest self-injection technology, aptly named SelfDose.
SelfDose, developed by Janssen Biotech will meet patient needs by simplifying self-injection technology for various pharmaceutical and biologic drugs. The collaboration will enable West to enhance its existing portfolio of self-injection technology as it is under obligation to co-develop and commercialize SelfDose. Janssen Biotech’s latest offering delivers advanced manual injection and complements West’s ConfiDose and SmartDose injection technologies.
The agreement allows West to provide technological and regulatory support to Janssen Biotech. Management at West is optimistic about its collaboration with Janssen Biotech as the opportunity will enable the company to meet its business goals.
West’s undertaking for business expansion while providing quality solutions to its consumers is rooted in this recent collaboration. According to the company, SelfDose can eliminate the problems emanating from the lack of a safe and effective medication delivery mechanism, especially when the administrator is the patient.
West is a global leader in provision of drug administration systems and components for packaging, as well as delivery of injectable drugs and delivery system components across various industries. The company has a significant competitive advantage in the market it serves. Additionally, it continues to make headway into new geographies to expand its business.
However, macroeconomic pressure across the globe remains a headwind.
West, which competes withRexam plc. ( REXMY ) , currently has a Zacks #2 Rank, which translates into a short-term Buy rating.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Read the full Analyst Report on GS
Read the full Snapshot Report on CG
Read the full Analyst Report on VALE
Read the full Snapshot Report on WST
Read the full on REXMY