Company News for June 10, 2011 - Corporate Summary

• On Thursday, 3M Company (NYSE:MMM) said it has concluded an agreement to buy manufacturer of quick cure, aircraft sealants Advanced Chemistry & Technology. The acquisition will enhance and expand 3M’s product availability in the aerospace market

• Evergreen Energy Inc. (NYSE:EEE) said it has completed the formation of its venture with Australian listed mineral resources company WPG Resources. K-Fuel is Evergreen’s coal upgrading technology

• Titan Machinery Inc. (NASDAQ:TITN) reported Q1 EPS of $0.40, ahead of the Zacks Consensus Estimate of $0.23 per share. Revenues grew 54.9% year-over-year to $318.2 million, easily surpassing the Zacks Consensus Estimate of $245.0 million

• The J. M. Smucker Company (NYSE:SJM) reported Q4 EPS of $1.00 ex-items, marginally above the Zacks Consensus Estimate of $0.98 per share. Revenue for the quarter grew 11% year-over-year to $1.19 billion, higher than the Zacks Consensus Estimate of $1.155 billion

• Lazard Capital upgraded Concho Resources Inc. (NYSE:CXO) to “Buy” rating from “Neutral” rating with a target price of $110.00

• UBS AG (NYSE:UBS) upgraded Elan Corp, plc. (NYSE:ELN) to “Buy” rating from “Neutral” rating with a target price of $12.78

• Rodman & Renshaw upgraded Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to “Outperform” rating from “Market perform” rating

• Barclays Capital upgraded Macy’s, Inc. (NYSE:M) to “Overweight” rating with a target price of $35.00 on the shares of the retailer

• Argus upgraded The Medicines Company (NASDAQ:MDCO) to “Buy” rating from “Hold” rating with a target price of $25.00

• Stifel Nicolaus upgraded NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) to “Buy” rating from “Hold” rating with a target price of $28.00

• Shares of BJ’s Wholesale Club, Inc. (NYSE:BJ) were downgraded by Barclays Capital to “Equal weight” rating, citing the move as a valuation call

• Shares of BRF Brasil Foods (NASDAQ:BRFS) were downgraded by Raymond James to “Underperform” rating from a “Market perform” rating

• Shares of Walt Disney (NYSE:DIS) were downgraded by Davenport to “Neutral” rating from “Buy” rating with a target price of $42.00, down from $50.00

Company News for June 10, 2011 – Corporate Summary

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