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Zacks Investment Research Lowers Reliance Steel & Aluminum (RS) to Sell
2016-01-04 22:09:11| Steel - Topix.net
According to Zacks, "Reliance Steel's profit for third-quarter 2015 tumbled year over year, hurt by lower metals pricing. Adjusted earnings for the quarter topped the Zacks Consensus Estimate while sales missed expectations.
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ANADIGICS, Inc. (ANAD) Lowered to "Hold" at Zacks Investment Research
2016-01-04 22:08:42| Semiconductors - Topix.net
According to Zacks, "Anadigics is continuing with its corporate restructuring activities to reduce operating costs and better align resources for higher demand of infrastructure-based products. Anadigics continued to be in the red and reported an adjusted loss of $0.07 per share for the third quarter, beating the Zacks Consensus Estimate by $0.01.
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The Valspar Corp (VAL) Lowered to "Sell" at Zacks Investment Research
2016-01-04 22:03:19| Chemicals - Topix.net
According to Zacks, "Valspar recorded lower profits in fourth-quarter fiscal 2015. Adjusted earnings for the quarter surpassed the Zacks Consensus Estimate, while revenues lagged the same.
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Verizon Communications Inc. (VZ) Cut to Sell at Zacks Investment Research
2016-01-04 21:39:26| IT Services - Topix.net
According to Zacks, "Verizon recently predicted that its earnings may be flat on a year-over-year basis in 2016 as it does not see enough variables for growth in the upcoming year. Thus, we expect Verizon to face the brunt in the near term since it has been lagging the price transformation drive in the industry.
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Flowserve Corp (FLS) Stock Rating Lowered by Zacks Investment Research
2016-01-04 19:48:36| Industrial Machines - Topix.net
According to Zacks, "Flowserve's third-quarter 2015 earnings beat the Zacks Consensus Estimate but declined on a year-over-year basis. This was due to the negative effect of foreign currency translations and the company's realignment measures.
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