Comverse Technology, Inc. (NASDAQ: CMVT) shares jumped 7.28% to $4.34 in the last trading session. JPMorgan Chase started coverage on shares of Comverse Tech in a research report released on Dec. 20. The firm issued a neutral rating and a $32.00 price target on the stock. Additionally, analysts at RBC Capital downgraded shares of Comverse Tech from an outperform rating to a sector perform rating in a research note to investors on November 1.
Embraer SA (ADR) (NYSE: ERJ) shares gained 2.71% to $28.05 in the morning hour after the company reported its first quarterly backlog growth in a year with an order of 20 regional jets from an unnamed customer. The company broke a yearlong drought of big airline orders with a deal for 15 E-190 and five E-175 planes in the fourth quarter. The announcement in a securities filing raised hopes that Embraer can keep up production levels in 2013.
Molycorp Inc (NYSE: MCP) stock climbed 2.12% to $8.66. The company, on Jan. 10, announced that all key production components of its new state-of-the-art rare earth manufacturing complex in Mountain Pass, California are up and operational and that the facility has begun ramping up to its full-scale "Phase 1" run rate.
Additionally, Equities researchers at JPMorgan Chase dropped their target price on shares of Molycorp from $8.00 to $5.00 in a report issued on Jan. 10. The firm currently has an “underweight” rating on the stock.
Toyota Motor Corporation (ADR) (NYSE: TM) stock gained 0.52% to $96.61. The company, on Jan. 10, announced that it won a judge’s decision stalling a class-action court case by owners of Prius and Lexus models who take legal action over a 2010 recall to install a software update that repaired a fear with the cars’ anti-lock braking system.
Nevsun Resources (USA) (NYSEAMEX: NSU) shares climbed 2.24% to $4.56 in the early hour. The company, last week, announced strong production results of 313,000 ounces of gold for 2012 with 46,000 ounces in the quarter ended December 31, 2012. Gold production for 2012 exceeded the top end of the latest guidance. Bisha gold production is again extended and is now anticipated to continue to the end of Q2 2013, aligning well with the planned commissioning of the copper expansion project.
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