Acquisition Agreement, Market Activity Updates, Revised Earnings Guidance, Project Updates, and Awards - Research Reports on Danaher, Precision Castparts, Terex, Raytheon and Cummins
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NEW YORK, September 18, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Danaher Corp. (NYSE: DHR), Precision Castparts Corp. (NYSE: PCP), Terex Corp. (NYSE: TEX), Raytheon Company (NYSE: RTN) and Cummins Inc. (NYSE: CMI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6584-100free.
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Danaher Corp. Research Reports
On September 15, 2014, Danaher Corp. (Danaher) announced an agreement with Nobel Biocare Holding AG (Nobel Biocare) pursuant to which the Company or one of its subsidiaries will commence a tender offer to purchase all publicly held registered shares of Nobel Biocare in an all-cash transaction valued at c.$2.2 billion. With the acquisition of Switzerland-based dental implants maker, Danaher expects to widen its market share in the global dental industry. As per the agreement, Danaher would pay CHF 17.10 (Swiss francs) per Nobel Biocare share in cash - a premium of approximately 23% to Nobel Biocare's closing price on July 28, 2014, the day before market speculation began regarding a potential sale of the Company. The tender offer period is expected to start on or around October 16, 2014 and is expected to be completed in late 2014 or early 2015. The full research reports on Danaher are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/DHR/report.pdf
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Precision Castparts Corp. Research Reports
On September 15, 2014, the stock of Precision Castparts Corp. (Precision Castparts) gained 1.00% to end the session at $242.37. During the session, shares in Precision Castparts touched an intra-day high of $242.99 and an intra-day low of $239.44. Over the last one month, the Company's stock has increased by 1.13%, compared to the S&P 500 index which rose 1.49% during that period. Moreover, the stock closed below its 50-day and 200-day moving averages of $242.51 and $253.82, respectively. The full research reports on Precision Castparts are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/PCP/report.pdf
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Terex Corp. Research Reports
On September 15, 2014, Terex Corp. (Terex) announced that it is lowering its full-year 2014 adjusted EPS guidance range to $2.35 and $2.50 from previously forecasted range of $2.50 and $2.80. Terex cited weakness in the Cranes segment as the primary reason for this downward revision in 2014 earnings guidance. After witnessing a positive trend in book-to-bill ratios in H1 2014, the Company said that its Cranes segment's order rate has dropped significantly in July and August 2014. "During 2014, we have certainly seen more muted end markets in Cranes than we originally contemplated back in February. While we do see positive trends in certain aspects of our other segments, this has been more than offset by the recent weakness in Cranes end markets," commented Ron DeFeo, Terex Chairman and CEO. For Q3 2014, Terex expects adjusted EPS to range from $0.55 - $0.65 per share. Terex's stock fell 6.43% to close at $32.47. The full research reports on Terex are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/TEX/report.pdf
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Raytheon Company Research Reports
On September 15, 2014, Raytheon Company (Raytheon) reported that Raytheon Missile Systems has begun production of the TALON Laser Guided Rocket under a $117 million contract to the Company by the Armed Forces General Headquarters of the United Arab Emirates (UAE). "Full rate production of the TALON LGR is a significant milestone for Raytheon and the program," said Darryl Kreitman, Raytheon TALON program director. As per the terms of the contract, Raytheon will maintain full integration of the TALON system into the UAE Armed Forces to include logistics, training and warranty support. Raytheon said that it is also exploring options to integrate TALON onto NIMR armored vehicles which are now serving in different units of the UAE Armed Forces. The full research reports on Raytheon are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/RTN/report.pdf
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Cummins Inc. Research Reports
On September 15, 2014, Cummins Inc. (Cummins) announced that it received the 2014 Robert W. Campbell Award from the National Safety Council. According to the Campbell Award executive review committee, Cummins scored highly as its leaders were committed to safety through the Company's "Live It, Lead It" program. "Our work in safety is about caring for our people who work every day to help our Company succeed," said Tom Linebarger, Chairman and CEO of Cummins. "The Campbell Award is terrific recognition for the Cummins employees who have made tremendous progress in the area of safety at our company. However, we know that when it comes to safety, our work is never done. There is much more to do and we will continue to be guided by our Company's mission to demand that everything we do leads to a cleaner, healthier and safer environment." The full research reports on Cummins are available to download free of charge at:
http://www.analystsreview.com/Sep-18-2014/CMI/report.pdf
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