Jefferies and Company

Nalco Holding (NYSE:NLC) Needs 5% Organic Growth to Meet Consensus

While Nalco Holding (NYSE:NLC) will lose dispersants sales at an estimate rate of 30 percent to 45 percent, according to Jefferies (NYSE:JEF), they still believe they’ll be able to generate enough organic growth to meet consensus.Jefferies stated, “we estimate the reduction in dispersant sales will undercut 30%-45% of Nalco’s operating leverage in 2011. As a result, we estimate that, absent

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Conn’s (NASDAQ:CONN) Valuation Low on Soft Sales

Filed in Conn's Inc, earnings, EPS, Gold Prices, Jefferies and Company, o, shares by on December 7, 2010 0 Comments

Sales at Conn’s Inc. (NASDAQ:CONN) continue to be soft, prompting Jefferies to say they see their valuation remaining low until more clarity emerges. Jefferies said, “Valuation likely to stay low with soft sales and rising charge-offs at a time when Conn’s tries to find the right balance of credit extension to drive sales and profitability. Shares have corrected quickly to a lower earnings

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Adobe’s (NASDAQ:ADBE) Earnings Estimate Raised by Jefferies

Jefferies maintains their “Buy” rating and price target on Adobe (NASDAQ:ADBE), but has changed their EPS and revenue estimates in 2012 from $2.43/4.51 billion to $2.45/4.44 billion For 2011, they see Adobe struggling to reach growth expectations. They said, “Our survey work points to decent CS adoption, we and the Street continue to model below management’s growth expectations for FY11 and

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Patterson Companies (NASDAQ:PDCO) Differentiation Exceeding Expectations

Patterson Companies (NASDAQ:PDCO) can’t do anything about the current economic environment, but they can add value to their clients via the differentiation of the products they offer, and that’s what they’re doing, according to Jefferies.”An improving economic environment and steady consumables growth are required to drive shares meaningfully higher. In the meantime, PDCO continues to add value

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Northwest Pipe Company (NASDAQ:NWPX) Restatement Size Weighs on Them

Northwest Pipe Company (NASDAQ:NWPX) continues to work under the weight of the restatements they made for the third quarters of 2009 and 2010. Jefferies said, “NWPX has recently filed financial statements for 3Q09 to 3Q10, and restated prior years’ results. Its accounting may be resolved but we are concerned over the sizes of some restatements and the number of them, and their implications for

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Ashland’s (NYSE:ASH) Low Valvoline Margins Lowering Earnings

Filed in Ashland, earnings, Jefferies and Company, o, revenue, silver by on November 26, 2010 0 Comments

Ashland (NYSE:ASH), like many companies, are dependent on a sustainable and legitimate recovery to grow in the future, and pressures from their low Valvoline margins will have the company struggling, even as other segments in the company do well.Jefferies has lowered their earnings estimate on the company, while maintaining their “Buy” rating.Jefferies said, “While near-term margin pressure in

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Continental Resources (NYSE:CLR) NAV Driven Higher by Activity, Exploration

Continental Resources (NYSE:CLR) was upgraded by Jefferies today from “Neutral” to “Buy,” citing an expected higher NAV. Jefferies said, “Accelerated activity, positive exploration datapoints, and downspacing success in the Williston drive our NAV higher. Unaccounted for is a meaningful Niobrara position and a growing Cana presence. 1st long lateral Niobrara well to spud next month. Positive

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Jefferies & Co. Recommend Barrick Gold (NYSE:ABX)

Now that summer is gone, a typically slow season for gold, Jefferies & Co. said the fall factor is playing a factor in the increase in gold prices, and they like gold mining giant Barrick Gold (NYSE:ABX) in the sector. “The combination of monetary, supply demand, and technical drivers should allow gold and silver prices to achieve higher highs and greater lows over next 12-18 months. As

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Jefferies & Co. Reaffirms Barrick (NYSE:ABX) Price Target on Gold and Silver

Jefferies & Co. said today they recommend investors to add to their positions in Barrick Gold (NYSE:ABX), as they said they don’t see gold and silver prices dropping anytime soon. The price target on gold remains $1,300, while the silver prices target continues at $20 an ounce.Jefferies said in a note to clients, “We highlight metal company participation at next week’s Industrials and Aerospace &

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