Stifel Raises Price Target as Circor (CIR) Announces Critical Flow Solutions Acquisition
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KeyBanc Upgrades CIRCOR International (CIR) to Overweight
October 17, 2016 7:24 AM EDTKeyBanc upgraded CIRCOR International (NYSE: CIR) from Sector Weight to Overweight with a price target of $58. Analyst James Picariello sees an attractive entry point.
"Since CIR negatively pre-announced its 3Q16 earnings, the stock is down 13% (vs. the S&P 500 -1.2%; XLI -1.9%), despite the... More
SunTrust Robinson Humphrey Upgrades CIRCOR International (CIR) to Hold
October 14, 2016 6:59 AM EDTSunTrust Robinson Humphrey upgraded CIRCOR International (NYSE: CIR) from Reduce to Hold with a price target of $55.00 (from $46.00).
For an analyst ratings summary and ratings history on CIRCOR International click here. For more ratings news on CIRCOR International click here.
Shares of CIRCOR International closed at $49.36 yesterday.
... MoreNotable Mergers and Acquisitions 10/13: (TBIO) (K) (CIR) (ATHM)
October 13, 2016 10:04 AM EDT*** Transgenomic, Inc. (Nasdaq: TBIO), and privately-held Precipio Diagnostics, LLC, announced entry into a merger agreement, pursuant to which Precipio will become a wholly owned subsidiary of Transgenomic, and Transgenomic will be renamed Precipio, Inc. In connection with the merger, it is anticipated that the original Precipio security holders will receive between 62% and 80% of the outstanding shares of the combined company, depending on the relative amount of outstanding liabilities of the parties at closing and prior to the investment of new capital. The merger is expected to close in 2016, pending approval by... More
Circor (CIR) Announces Acquisition of Critical Flow Solutions in $210M Deal
October 13, 2016 7:36 AM EDTCIRCOR International, Inc. (NYSE: CIR) announced that it has signed a definitive agreement to acquire Critical Flow Solutions (CFS) for $210 million. The Utah-based company manufactures critical severe-service equipment for refining operations. CFS recorded revenue of approximately $120 million with EBITDA margins over 20% for the fiscal year ended June 30, 2016. The acquisition is anticipated to... More
