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Markets Watch: T-Mobile US Inc (NYSE:TMUS), C. R. Bard, Inc. (NYSE:BCR), Masimo Corporation (NASDAQ:MASI), Basic Energy Services, Inc (NYSE:BAS)

Markets Watch: T-Mobile US Inc (NYSE:TMUS), C. R. Bard, Inc. (NYSE:BCR), Masimo Corporation (NASDAQ:MASI), Basic Energy Services, Inc (NYSE:BAS)
Written by
Joel Najarian
Published on
October 10, 2014
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Wireless network operator T-Mobile US Inc (NYSE:TMUS) has been upgraded by analysts at Jefferies Group to a buy rating from a hold. The firm set its price target on the stock at $35 a share, which represents a potential upside of 23% from its Thursday closing price. T-Mobile US Inc (NYSE:TMUS) is trading within a 52-week range of $24.90-35.50.C. R. Bard, Inc. (NYSE:BCR), a manufacturer of medical equipment, has announced that the US Food and Drug Administration (FDA) has approved the Lutonix 035 Drug Coated Balloon (DCB) Catheter for the treatment of Femoropopliteal Occlusive Disease. The approval follows a recommendation from the FDA's Circulatory Systems Devices Advisory Panel in June 2014. Shares in C. R. Bard, Inc. (NYSE:BCR) were trading 0.66% higher at $149.87 shortly after main markets opened on Friday. This is towards the upper end of the company's 52-week range which has seen shares trade between $114.39 and $154.16.Masimo Corporation (NASDAQ:MASI) said Friday the maker of Masimo SET Measure-through Motion and Low Perfusion Pulse Oximetry, received the CE Mark of Eve Newborn Screening Software Application for Radical-7 Pulse CO-Oximeters. Masimo Corporation (NASDAQ:MASI) notes that Eve is designed to help clinicians more effectively and efficiently screen newborns for critical congenital heart disease (CCHD). The Eve Newborn Screening Software Application in the Radical-7 Pulse CO-Oximeter automates the screening steps with animated instruction, including sensor application, measurement selection, and screening result determination.Basic Energy Services, Inc (NYSE:BAS) Friday said it expected third-quarter revenue to be 9% to 10% higher than its second quarter, compared to its previous guidance of 4% to 6%, due to services provided to increase well output. Basic Energy Services, Inc (NYSE:BAS) reported that its well-servicing rig count for September remained at 421, unchanged from August, and also unchanged from the year-ago like month. BAS reported 71,800 well-servicing rig hours for September, producing a rig utilization rate of 71%, compared to 74% for August, but up from 69% in the year-ago reading.BAS reported the September fluid-service truck count increased by 21 from August to 1,045, and up from 969 trucks in the year-ago period. Fluid-service truck hours for the month were 215,800, compared to 215,100 in August 2014 and 189,000 in September 2013. Drilling rig days for the month were 327, producing a rig utilization of 91%, compared to 83% in August, and 74% in September 2013. BAS reported that its "stimulation segment maintained high levels of activity." However, BAS warned that despite the revenue growth, pricing remains very competitive, while labor and other costs have risen.

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