• STEC (NASDAQ:STEC) shares moved higher for the tenth session, gaining on takeover speculation. Moreover, Broadpoint AmTech posted a “buy” rating on the shares with a $23 priced target.
• Apple (NASDAQ:AAPL) shares remained on an upward path, up 1.2% on Monday, as rumors circulated regarding the timing of its “iSlate” product launch, with several analysts believing introduction likely by first quarter’s end.
• JP Morgan (NYSE:JPM) upgraded Cosan (NYSE:CZZ) to “overweight” with a $10 price target.
• Piper Jaffray (NYSE:PJC) recommended IMAX (NASDAQ:IMAX) as its top, small-cap stock pick for 2010, with a $16 price target.
• Fairchild Semiconductor (NYSE:FCS) settled a patent lawsuit with Infineon Technologies (OTC:IFNNY), planning to record a $6 million fourth quarter charge.
• General Motors (NYSE:GM) is attempting to move leftover inventory of its Saturn and Pontiac brands, offering large incentives.
• Chicken producer Pilgrim’s Pride (OTC:PGPDQ) emerged from bankruptcy protection.
