• Joy Global (NASDAQ:JOYG) reported fiscal fourth quarter earnings of $1.39, ahead of the Zacks Consensus Estimate of $1.16, on revenues of $1.05 billion that topped the Zacks Consensus Estimate of $925.0 million. The firm provided upside 2011 guidance of $5.00-$5.30, above the Zacks Consensus Estimate of $4.17
• Novartis (NYSE:NVS) plans to accuire 22% of Alcon (NYSE:ACL), for $168 per share, or $12.9 billion
• Agrium (NYSE:AGU) will sell their majority interest in AWB Ltd to Cargill for $870 million
• Icahn Enterprises (NYSE:IEP) plans to buy Dynegy (NYSE:DYN) for $5.50 per share, or $665.0 million
• Goldman Sachs (NYSE:GS) initiated coverage on T. Rowe Price (NASDAQ:TROW) from “neutral” rating to placing the company on its Conviction Buy list, upgrading price target from $55 to $80
• JP Morgan (NYSE:JPM) upgraded AmBev (NYSE:ABV) from “neutral” to “overweight” rating, upgrading price target from $122 to $154
• RBC upgraded Ryder (NYSE:R) from “sector perform” to “outperform,” rising the target price from $48 to $62
AMBEV-PR ADR (ABV): Free Stock Analysis Report
ALCON INC (ACL): Free Stock Analysis Report
DYNEGY INC (DYN): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JOY GLOBAL INC (JOYG): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
NOVARTIS AG-ADR (NVS): Free Stock Analysis Report
RYDER SYS (R): Free Stock Analysis Report
T ROWE PRICE (TROW): Free Stock Analysis Report
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