Company News for April 15, 2011 - Corporate Summary

• SUPERVALU INC (NYSE:SVU) reported Q4 EPS of $0.44, beating the Zacks Consensus Estimate of $0.35 per share. Revenues for the quarter fell 5.4% year-over-year to $8.70 billion, missing consensus estimates of $8.751 billion

• The Progressive Corp (NYSE:PGR) reported Q1 EPS of $0.55, ahead of the Zacks Consensus Estimate for $0.43 per share

• Argentina based company ARCOS DORADOS HOLDINGS INC (NYSE:ARCO) made its debut on the US markets. Share prices rocketed 29% on its first day of trading. The company is one of the biggest operators of McDonalds with more than 1,700 McDonald’s Corp. (NYSE:MCD) franchises in Latin America

• Analysts at Auriga have started coverage on Broadcom Corporation (NASDAQ:BRCM) with a “Buy” rating and with a target price of $50.00

• Macquarie analysts initiated coverage on shares of Cathay General Bancorp (NASDAQ:CATY) with a “Neutral” rating on the stock

• Jefferies analysts have started coverage on shares of Health Management Associates, Inc. (NYSE:HMA) with a “Buy” rating and a target price of $13.00

• Analysts of Jefferies have begun coverage on shares of LifePoint Hospitals, Inc. (NASDAQ:LPNT) setting a target price of $49.00 with a “Buy” rating

• Keefe, Bruyette & Woods, Inc analysts initiated coverage on shares of Omniamerican Bancorp (NASDAQ:OABC) with a “Market perform” rating on the stock

• Robert W. Baird downgraded Graham Packaging Company Inc (NYSE:GRM) to “Neutral” from an “Outperform” rating with a target price of $22.00

• Deutsche Bank downgraded RenaissanceRe Holdings Ltd. (NYSE:RNR) to “Sell” from “Hold” rating revising the target price of the stock to $65 from $66

• Analysts at Kaufman Brothers downgraded shares of Rural/Metro Corporation (NASDAQ:RURL) to “Hold” from “Buy” rating with a target price of $17.25

Company News for April 15, 2011 – Corporate Summary

SIGN UP TO NEWSLETTER

Free E-Book

Recent Posts