Company News for October 8, 2010 - Corporate Summary

• Micron Technology (NYSE:MU) posted disappointing fiscal fourth quarter earnings of 32 cents a share, a 6-penny miss, even as revenues surged 91.5% to $2.5 billion, below estimates of $2.7 billion

• Goldman Sachs (NYSE:GS) removed PepsiCo (NYSE:PEP) from its Conviction Buy List, but kept its “buy” rating, dropping the price target to $75 from $76

• Barclay’s (NYSE:BCS) downgraded Credit Suisse (NYSE:CS) to “underperform” from “equal perform”

• Goldman Sachs (NYSE:GS) removed Amazon.com (NASDAQ:AMZN) from its Conviction Buy List, but raised the price target from $150 to $195 and kept its “buy” rating on the stock

• Citigroup (NYSE:C) lowered its rating on Motorola (NYSE:MOT) from “buy” to “hold,” with a $10 price target

• Goldman Sachs (NYSE:GS) lifted its price target for Google (NASDAQ:GOOG) from $600 to $625 and raised Priceline’s (NASDAQ:PCLN) target from $320 to $420. Goldman Sachs kept its “buy” ratings on both the stocks

• Credit Suisse (NYSE:CS) downgraded Owens-Illinois (NYSE:OI) from “outperform” to “neutral,” cutting the price target from $40 to $30

• Goldman Sachs (NYSE:GS) downgraded Expedia (NASDAQ:EXPE) from “buy” to “neutral,” with a $30 price target

Company News for October 8, 2010 – Corporate Summary

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