Kevin Reynolds at Wunderlich Securities has raised his price target for shares of Pinnacle Financial Partners to $40 from $37 after the bank holding company reported its Q2 numbers. Reynolds says investors shouldn't put too much stock in the earnings beat because of a smaller loan loss provision, but he nonetheless likes Pinnacle's long-term prospects. Pinnacle shares (Ticker: PNFP) closed Thursday trading at $36.05 and are up 11 percent so far in 2014.
At Robert W. Baird, analyst Richard Eastman has hiked his rating on Clarcor shares to 'outperform' from 'neutral,' citing better fundamentals, the benefit of recent acquisitions and a decent valuation. He sees Clarcor (Ticker: CLC), which closed Thursday at $60.46, climbing to $67 in the coming quarters.
Keep an eye on shares of Noranda Aluminum (Ticker: NOR) today. They got a nice boost Wednesday after prominent hedge fund manager Larry Robbins — the man who had a lot to do with the sale of Health Management Associates to Community Health Systems — named the Franklin-based company as one of his favorite investing ideas. Now to follow through...
Our/ page for Nashville is a pretty blank slate with an invitation to throw your hat into Pernod Ricard's ring.At this point, the
While Pernod is keen to take advantage of the growing interest in local products, it says it won’t disguise that Our/ vodka is made by the distilling giant behind behemoths such as Beefeater gin and Chivas whisky. The Pernod Ricard name isn’t currently on the Our/Berlin label, but the company says it plans to add it.
A paper and cardboard recycling facility located on Industrial Boulevard in La Vergne has been acquired by Caraustar Industries, an Atlanta-based company that is backed by private-equity firm HIG Capital. The La Vergne center had been owned by SP Recycling Southeast. Terms of the deal are not being disclosed.
Piedmont Natural Gas announced today it has opened its second compressed natural gas fueling station in Nashville.
The station is located at 541 Spence Lane, with the CNG fuel price currently at $2.19 per gallon.
Piedmont Chief Financial Officer Karl Newlin projects to displace 2 million gasoline gallon equivalents this year and to convert at least one-third of its more than 1,000 fleet vehicles to CNG by the end of 2015.
“With other public stations being developed, Piedmont is helping to create CNG fueling corridors along the major interstates in our service area,” Newlin said in a release. “Already there are 11 customer owned stations in our territory with 5-7 more being planned.”
Piedmont’s first CNG fueling station in Tennessee opened along with the Nashville Resource Center at 83 Century Blvd. in April 2010.
Nashville Mayor Karl Dean said Piedmont’s newest fueling station marks an important milestone in Metro’s efforts to become one of the greenest cities in the Southeast.
“Nashville is supporting this initiative by purchasing the first compressed natural gas vehicle in the Metro fleet, and these efforts, together, are concrete steps toward a cleaner city and a legacy we can build for future generations of Nashvillians,” Dean said.
CNG is methane stored at high pressure and can be used in place of gasoline, diesel fuel and propane.
Nissan executives have decided to end production of their Cube and Murano CrossCabriolet at the end of this model year. Lindsay Chappell at Automotive News has the info.
Nissan believed it had a chance to stimulate young consumers with a boxy subcompact that made up for reduced power with the promise of highway fuel economy topping 30 mpg. But the import never caught on, especially as Nissan in 2012 began rolling out redesigned traditional models with higher fuel economy, including the Versa, Sentra, Altima and Rogue. The Cube's peak annual volume came in 2010, with sales of 22,968.