Company News for August 25, 2010 - Corporate Summary

• Big Lots (NYSE:BIG) reported second quarter earnings one cent better than Zacks expectations at 48 cents per share, as revenues rose 5.2% to $1.14 billion, slightly below Zacks expectations of $1.5 billion

• Toll Brothers (NYSE:TOL) reported better-than-expected fiscal third quarter results. Earnings of 16 cents per share were ahead of Zacks expectations of a 15 cent loss as revenues fell 1.5% to $454.2 million, ahead of projections of $390 million

• BHP Billiton’s (NYSE:BHP) full year earnings of $12.72 billion more than doubled last year’s $5.88 billion on revenues of $52.8 billion, that topped the prior year’s $50.21

• Wells Fargo (NYSE:WFC) upgraded Intuitive Surgical (NASDAQ:ISRG) to “outperform” from “market perform,” with a price target range of $340-$360

• Oppenheimer upgraded Corning (NYSE:GLW) to “outperform,” with a price target of $20

• Morgan Stanley (NYSE:MS) downgraded Public Service Enterprise (NYSE:PEG) to “underperform” from “equal”

• Jefferies (NYSE:JEF) initiated coverage of Volterra Semiconductors (NASDAQ:VLTR) with a “buy” rating and a price target of $27

• Bank of America (NYSE:BAC) upgraded OpenTable (NASDAQ:OPEN) to “buy” with a price target of $53, up from $50

Company News for August 25, 2010 – Corporate Summary

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