Brian Drab at William Blair has cut his rating on shares of Clarcor to 'market perform' from 'outperform,' where he had had them since August of 2011. The move comes shortly after Franklin-based Clarcor reported Q4 profits and said its 2013 would be below the Street's consensus. Shares of Clarcor (Ticker: CLC) ended last week up about 3 percent and have risen about 10 percent over the past three months.
Edward Westlake, refining analyst at Credit Suisse, sees more good things ahead for Delek US Holdings and other independent refiners even though he has lowered his Q4 earnings estimates a bit. Looking forward to 2013, his big themes include both improvements in the margin dynamics and "continued appreciation of the free cash generation and the value of higher multiple businesses within the group which suggest the shares still offer value." Because of that, Westlake has boosted his price targets for Delek and a number of its peers by about 7 percent. Delek (Ticker: DK) is up more than 20 percent year to date and has soared 60 percent since late July.
- BRASWELL, ROBERT
- GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR
- GARRETT, TIMOTHY M EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR
- GARRETT, JOHNNY C IV EXECUTOR; GARRETT, JOHNNY C EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR