Morning Movers 05/21: (CBE) (KERX) (PVA) Higher; (ADY) (LOW) Lower

May 21, 2012 10:44 AM EDT
Cooper Industries (NYSE: CBE) 26.2% HIGHER; Eaton (NYSE: ETN) announced it will buy Cooper in a deal valued at $11.8 billion.

Keryx (Nasdaq: KERX) 14.9% HIGHER; gapped higher and now continuing over both the 50- and 200-day simple moving averages. Volume seems pretty heavy this morning.

Feihe International (NYSE: ADY) 12.7% LOWER; plunged below the $6 level shortly after this morning's open. The stock pushed to a morning low of $5.12. Volume spiked as the price nosedived.

Penn Virginia (NYSE: PVA) 12.5% HIGHER; Brean Murray Carret & Co. initiated coverage on Penn Virginia with a Buy. PT $10.00. Click here to see full color on the note.

Lone Pine Resources (NYSE: LPR) 11.1% HIGHER; seems to have broken above resistance at $3.60 this morning. The stock could not break through the $3.80 level.

American Eagle Outfitters (NYSE: AEO) 10.4% HIGHER; Brean Murray Carret & Co. upgraded the stock from Hold to Buy with a price target of $23.00. Here is our full writeup on the note.

Goodrich Petroleum (NYSE: GDP) 10.3% HIGHER; shares are seeing sharp upside Monday, which is being attributed to takeover speculation sparked by analysts. Click here to see details of the report.

Lowes Cos. (NYSE: LOW) 9.6% LOWER; reported Q1 EPS of $0.43, $0.01 better than the analyst estimate of $0.42. Revenue for the quarter came in at $13.2 billion versus the consensus estimate of $12.99 billion. Comparable store sales for the quarter increased 2.6 percent. Lowes Cos. sees FY2012 EPS of $1.73-$1.83, versus the consensus of $1.87. Sees sales up 3 percent on a comparable basis and comps up 1 - 3 percent.

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