• Goldman Sachs (NYSE:GS) said Apple (NASDAQ:AAPL) is likely to unveil its new iPhone as soon as June, with a more advanced camera and perhaps a touch-sensitive casing
• Rio Tinto (NYSE:RTP) reported a 49% surge in iron ore production, beating its prior projections, to 47.2 million tonnes in the fourth quarter on greater demand from Chinese steel mills
• BNP Paribas upgraded Arcelor Mittal (NYSE:MT), noting “steelmakers appear to have the upper hand on prices at present.”
• Reports suggest Hershey (NYSE:HSY) is close to making a bid for Cadbury (NYSE:CBY), possibly raising the price from Kraft’s (NYSE:KFT) hostile $17 billion offer
• Citigroup (NYSE:C) upgraded PPG Industries (NYSE:PPG) to “buy” with a price target of $71, up from $62
• Citigroup (NYSE:C) downgraded Alcon (NYSE:ACL) with the price target lowered to $165 from $181
• Janney Montgomery reiterated a “buy” on eBay (NASDAQ:EBAY), with a price target of $29
