Archrock Upgraded by RBC

Archrock Upgraded by RBC

Archrock received an investment-rating upgrade Wednesday to outperform from sector perform from RBC Capital Markets which cited its some-of-the-parts valuation of the shares following the natural-gas contract-operations company’s better-than-expected Q2 results released earlier this month. The price target is $13 per share, which compares with the stock’s Tuesday closing price of $9.35. In a note to clients, RBC said the sum-of-the-parts valuation is based on the value of Archrock’s limited-partner […]

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NeuroMetrix Gets Sleep-Monitoring Patent

NeuroMetrix Gets Sleep-Monitoring Patent

NeuroMetrix said early Tuesday it has received a patent for a technology whereby the company’s Quell device automatically modulates therapeutic neurostimulation based on the user’s sleep characteristics.In addition, the patent from the U.S. Patent and Trademark Office includes claims related to providing users with feedback about their sleep, the company said in a statement. The company said Quell is the only transcutaneous electrical nerve stimulator cleared by the Food and […]

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Atlas Air Worldwide Raises Guidance

Atlas Air Worldwide Raises Guidance

Atlas Air Worldwide Holdings shares were higher 2% in recent pre-market trade after the provider of outsourced aircraft and aviation operating services to air-cargo services, reported Q2 earnings above Street views on strong revenue growth. AAWW was at $61.20 recently, the highest level since 2011, if it holds into regular trading. The current 52-week range is between $34.22 and $60.35. Atlas Air reported adjusted earnings of $1.09 per share, above […]

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Lennox Raises Low End of FY17 Guidance

Lennox Raises Low End of FY17 Guidance

Lennox International, a provider of climate control solutions, reported higher-than-expected results for Q2, and raised the low end of its FY17 guidance. Adjusted EPS from continuing operations increased to $2.83 in the June quarter, from $2.53 a share, in the prior-year quarter. That topped the $2.76 average estimate of analysts surveyed by Capital IQ. Q2 revenue rose 8% to $1.10 billion, beating the analyst consensus of $1.09 billion. The company […]

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Dunkin’ Donuts Enters Deal with Price Chopper

Dunkin’ Donuts Enters Deal with Price Chopper

Dunkin’ Brands Group, a franchisor of quick service restaurants, said Monday that it has entered into a partnership with Price Chopper to open three restaurants in Kansas. The national grocer will own and operate all three locations, with the first store slated to open on July 26 and the two additional restaurants opening later this year. Shares were little changed in recent morning trade.

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Orchids Paper Products Gets Lender Consent

Orchids Paper Products Gets Lender Consent

Orchids Paper Products said it and its lenders have agreed to amend their credit agreement to, among other things, strike the fixed charge coverage for the period ended June 30 and waive the cash reserve requirement, the company said late Wednesday. The company said it is currently exploring refinancing of some or all of its current outstanding indebtedness to increase financial flexibility and create greater available liquidity. “We continue to […]

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GlaxoSmithKline Starts Phase III Study

GlaxoSmithKline Starts Phase III Study

GlaxoSmithKline said early Tuesday it commenced a phase III study evaluating mepolizumab in patients with severe bilateral nasal polyps, a chronic inflammatory disease of the nasal passage linings or sinuses. The drug maker said the study will evaluate the safety and efficacy of subcutaneous mepolizumab versus placebo in 400 adult patients with recurrent severe bilateral nasal polyps. The study is slated for completion in 2019. Separately, GlaxoSmithKline said it received […]

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