Bloomberg News

Caterpillar, Health Net, Lorillard, Rhino: U.S. Equity Preview

October 24, 2011

Oct. 24 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 7:45 a.m. in New York.

Caterpillar Inc. (CAT US) gained 4.3 percent to $91.10. The world’s largest maker of construction and mining equipment reported third-quarter earnings excluding some items of $1.71 a share, exceeding the average analyst estimate of $1.57 a share, as demand for shovels and drills used to dig up metals rose.

Coventry Health Care Inc. (CVH US) and Health Net Inc. (HNT US): The companies may be takeover targets as larger managed- care providers move to expand business through acquisitions, Barron’s reported, citing Jim Lane, a New Jersey-based money manager.

Cracker Barrel Old Country Store Inc. (CBRL US): The Lebanon, Tennessee-based restaurant’s biggest shareholder, Biglari Holdings Inc., boosted its stake to 9.9 percent from 8.7 percent.

Freeport-McMoRan Copper & Gold Inc. (FCX US) rose 3.3 percent to $37.80. The company’s shares may rise to $75 in the next couple of years if demand and limited supply pushes copper price toward $4 a pound, Barron’s reported, citing Douglas Chudy of Dalton Greiner Hartman Maher.

Green Mountain Coffee Roasters Inc. (GMCR US): Rogers Family Co., a closely held coffee roaster and distributor, will begin selling one-cup coffee pods to grocery stores that are compatible with Green Mountain’s Keurig brewer, President Jon B. Rogers said.

Lorillard Inc. (LO US) lost 7.5 percent to $107.00. The cigarette maker reported third-quarter earnings excluding some items of $1.94 a share, missing the average analyst estimate by 4.3 percent.

PMI Group Inc. (PMI US): The mortgage insurer, ordered by regulators in August to stop writing policies, said a unit that sells such coverage was seized by Arizona authorities and will pay out claims at 50 percent.

Rhino Resource Partners LP (RNO US): The coal producer boosted its quarterly dividend to 48 cents a share, in line with Bloomberg estimates, from 45.5 cents.

Teradata Corp. (TDC US) advanced 1.4 percent to $56.25. The company’s shares may rise 15 percent or more as its data analysis expertise attracts clients or takeover proposals, Barron’s reported, without citing anyone.

--With assistance from Donal Griffin and Whitney Kisling in New York. Editor: Stephen Kleege

To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.


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