Company News for October 12, 2010 - Corporate Summary

• Microsoft (NASDAQ:MSFT) took the veil off its new line of smartphones based on its Microsoft 7 operating system on AT&T (NYSE:T) networks. Early reviews were positive

• Wal-Mart (NYSE:WMT) announced plans to start selling Apple (NASDAQ:AAPL) iPads on Friday

• Rumors surfaced that Avon Products (NYSE:AVP) could be acquired by L’Oreal for $44 per share

• FBR maintained a “buy” rating on Best Buy (NYSE:BBY), with a price target of $35

• Johnson Controls (NYSE:JCI) issued its 2011 earnings and revenue guidance. The company said it sees earnings of $2.30 to $2.45 a share on revenues of $37 billion

• FBR reiterated an “outperform” on Franklin Resources (NYSE:BEN), raising the price target from $127 to $130

• Goldman Sachs (NYSE:GS) upgraded Essex Property (NYSE:ESS) from “sell” to “neutral,” and lifted the price target from $85 to $96

• Google (NASDAQ:GOOG) has an alternative inflation index in the works, using web data

Company News for October 12, 2010 – Corporate Summary

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