DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Recent Analyst Upgrade Notables: Interpublic Group (NYSE: IPG), Flow International Corp. (Nasdaq: FLOW), Safe Bulkers (NYSE: SB), Goldman Sachs (NYSE: GS), Cadence Design Inc. (Nasdaq: CDNS), Genco Shipping & Trading (NYSE: GNK) and Gymboree Corp. (Nasdaq: GYMB).
In the Trade Alert, the author highlights Interpublic Group’s upgrade to Equalweight and its partnership with MillerCoors:
“Interpublic Group of Companies Inc. (IPG) shares slipped .12% to $4.22 Thursday morning. Interpublic Group, together with its subsidiaries, provides advertising and marketing services worldwide. … Morgan Stanley recently upgraded Interpublic Group from Underweight to Equalweight. … Interpublic Group recently said its agencies, Initiative and DraftFCB, along with WPP Group's Kinetic, have recently been picked by MillerCoors to plan and purchase the roughly $400 million it spends each year on advertising. The three media agencies will create a partnership called MC Media to lead the media planning and buying account.”
The Trade Alert author also featured Flow International’s analyst upgrade and the company’s second-quarter net income decrease of 82%:
“Flow International Corp. (FLOW) shares fell 1.31% to trade at $2.26 Thursday morning. Flow International, together with its subsidiaries, engages in designing, developing, manufacturing, marketing, installing and servicing ultrahigh-pressure waterjet technology. … An analyst recently upgraded Flow International from Buy to Strong Buy, citing new 10Q financial reports. … Flow International recently reported its second-quarter net income fell 82% to $0.4 million or 1 cent per basic and diluted share, compared to $2.3 million or 6 cents per basic and diluted share a year ago. For the quarter, Flow International reported its consolidated revenues increased 5% to $60.6 million, compared with $57.8 million in the year-ago quarter. Its net income for the quarter was $0.4 million or 1 cent per basic and diluted share, compared to $2.3 million or 6 cents per basic and diluted share a year ago.”
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Jeff Bishop, (469)-252-3505