By PR Newswire, September 26, 2013, 08:00:00 AM EDT
NEW YORK, September 26, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting General Motors Company (NYSE:GM), The Goodyear Tire & Rubber Company (NASDAQ:GT), Brunswick Corporation (NYSE:BC), Westport Innovations Inc. (NASDAQ:WPRT), and Navistar International Corporation (NYSE:NAV). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
General Motors Company Research Report
On September 23, 2013, General Motors Company ( GM ) announced that it has reached an agreement to repurchase 120 million shares of its Series A Preferred Stock from the UAW Retiree Medical Benefits Trust (UAW VEBA) for a total cash consideration of approximately $3.2 billion, or $27 per share. The Company informed that the agreement is contingent upon the closing of its offering of senior unsecured notes on or before September 30, 2013. Further, GM also announced the launch of an offering of senior unsecured notes in five, 10, and 30-year tenors, with net proceeds intended for general corporate purposes, including the repurchase of Series A Preferred Stock from UAW VEBA. The Full Research Report on General Motors Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7634_GM]
The Goodyear Tire & Rubber Company Research Report
On September 20, 2013, The Goodyear Tire & Rubber Company (Goodyear) held its investor day. As per a press release issued on the same day, the agenda of the meeting included discussing strategies and goals for the next three years as well as its capital allocation plan. Further, as per the release, the Company reconfirmed its 2013 outlook for segment operating income of approximately $1.5 billion, and is targeting annual segment operating income growth of 10% to 15% through 2016. Goodyear also announced its capital allocation plan that includes the reinstatement of a quarterly cash dividend on the Company's common stock and a $100 million share repurchase program. In addition, the Company's Directors have declared a quarterly dividend of $0.05 per share of common stock, payable on December 1, 2013, to shareholders of record as of November 1, 2013. The Full Research Report on The Goodyear Tire & Rubber Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2caa_GT]
Brunswick Corporation Research Report
On September 19, 2013, Boston Whaler, owned by Brunswick Corporation (Brunswick), announced that it was recognized for excellence in customer satisfaction by the National Marine Manufacturers Association (NMMA) as a recipient of the 2013 Customer Satisfaction (CSI) Award for the tenth consecutive year. The Company informed that it has received the CSI Award by achieving and maintaining an independently measured standard of excellence of 90% or higher in customer satisfaction, with the score based on information provided by over 50,000 customers who purchased a new boat and engine in the past year. The Full Research Report on Brunswick Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7fb7_BC]
Westport Innovations Inc. Research Report
On September 16, 2013, Westport Innovations Inc. (Westport) announced the appointment of Thomas Rippon as the Company's Vice President of Mining and Rail. "Thomas brings excellent credentials in implementing operations in geographic markets that are key for Westport's off-road application programs," said Nancy Gougarty, President and COO of Westport. "His experience as a senior executive at a global original equipment manufacturer will support our priority to commercialize products that drive us toward profitability." The Company informed that in his new position, Rippon assumes the responsibility of Nick Sonntag, Executive Vice President of Westport and President of Westport Asia, who retired as of September 13, 2013. The Full Research Report on Westport Innovations Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f935_WPRT]
Navistar International Corporation Research Report
On September 18, 2013, Navistar International Corporation (Navistar) announced that its affiliate, Navistar Financial Corporation (NFC), has signed agreements to extend its $500 million dealer inventory funding facility for an additional six months, which now extends through September 2014. "The quality of our portfolio and strength of our dealer network have earned the ongoing confidence and support of our relationship banks," said Bill McMenamin, President of NFC. "This transaction provides continued flexibility in funding wholesale assets to help us support our dealer network and the sale of International trucks and IC Bus brand buses." The Full Research Report on Navistar International Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fa1c_NAV]
This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts' Corner