Company News for April 20, 2011 - Corporate Summary

• Johnson & Johnson (NYSE:JNJ) reported Q1 EPS of $1.35, ex-items, ahead of the Zacks Consensus Estimate of $1.25 per share. Revenues for the quarter rose 3.5% year-over-year to $16.2 billion, beating the Zacks Consensus Estimate of $15.768 billion

• Analysts at JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on shares of MF Global Holdings Ltd (NYSE:MF) with an “Overweight” rating and a price target of $10.00 on the stock

• Credit Suisse initiated coverage Nielsen Hldg NV (NYSE:NLSN) with an “Outperform” rating and with a target price $34.00 on the stock

• Analysts at Citigroup initiated coverage on NetSpend Holdings Inc (NASDAQ:NTSP) with a “Buy” rating and a $13.00 target price on the stock

• Stifel Nicolaus analysts initiated coverage on OCZ Technology Group Inc. (NASDAQ:OCZ) with a “Buy” rating and with a $13.00 target price on the stock

• Duncan Williams analysts initiated coverage on Pernix Therapeutics Holdings Inc (AMEX:PTX) with a “Buy” rating and setting a target price of $19.00

• Aircraft leasing company Air Lease Corp.’s (NYSE:AL) share prices rocketed up 5.66% on its first day of trade on the New York Stock Exchange

• Millicom International Cellular SA’s (NASDAQ:MICC) share prices increased 4.51% after it raised its earnings forecast for the year. Millicom Intl Cellular is a Luxembourg-based emerging-markets telecom firm

• Health insurer Molina Healthcare Inc.’s (NYSE:MOH) shares rose more than 5.20% after it reported first-quarter earnings beating forecasts

• IBM (NYSE:IBM) reported Q1 EPS of $2.41, ahead of the Zacks Consensus Estimate of $2.30 per share. Revenues for the quarter were up 8% year-over-year to $24.60 billion, beating the Zacks Consensus Estimate of $24.047 billion

• Goldman Sachs Group (NYSE:GS) reported Q1 EPS of $1.56 ex-items, beating the Zacks Consensus Estimate of $0.86 by nearly double. Revenues for the quarter were down 7% year-over-year to $11.89 billion, higher than the Zacks Consensus Estimate for $10.096 billion

Company News for April 20, 2011 – Corporate Summary

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