Company News for August 10, 2010 - Corporate Summary

• KKR (NYSE:KKR) withdrew its $500 million stock offering, citing weak market conditions

• Credit Suisse (NYSE:CS) downgraded Royal Bank of Scotland (NYSE:RBS) from “outperform” to “neutral”

• UBS (NYSE:UBS) upgraded Whole Foods (NASDAQ:WFMI) to “buy” from “neutral,” with a price target of $45

• Bank of America (NYSE:BAC) upgraded Macy’s (NYSE:M) to “buy” from “neutral,” raising the price target to $23 from $21, expecting comp trends to continue strong through 2011. The firm meanwhile dropped its rating on JC Penney (NYSE:JCP) to “underperform” from “buy,” taking its price target to $20 from $33 as the firm cut 2010 projections to $1.45 from $1.49

• A Barron’s article that suggested Target’s earnings might jump on its growing focus on higher-margined items and cost controls sent Target (NYSE:TGT) shares up 2.5%

• According to a Digitimes’ report, Apple (NASDAQ:AAPL) may soon launch new versions of it iPad tablet device

• JA Solar Holdings (NASDAQ:JASO) posted second quarter results of 27 cents on revenues of $351 million, beating estimates of $304 million

Company News for August 10, 2010 – Corporate Summary

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