Company News for January 18, 2011 - Corporate Summary

• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share

• GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its diabetes drug Avandia

• Boeing (NYSE:BA) reported a resumption of certified testing of its long-delayed 787 Dreamliner on Monday, almost three years behind its expected schedule

• Delta Airlines (NYSE:DAL) has reported airlines earnings numbers, with a fourth quarter showing of $0.19, below the Zacks Consensus Estimate of $0.26, on revenues of $7.8 billion ahead of the Zacks Consensus Estimate of $7.687 billion

• According to Piper Jaffray (NYSE:PJC), weakness in Apple’s (NASDAQ:AAPL) shares due to absence of CEO Steve Jobs’ because of health related issues offers a fantastic buying opportunity in the shares

• FBR maintained an “outperform” rating on JP Morgan (NYSE:JPM), raising the target price to $53 from $45

• Citigroup (NYSE:C) reported fourth quarter earnings of $0.04, lower than the Zacks Consensus Estimates of $0.08 but reversing last year’s loss of $0.33, on revenues of $19.5 billion, below the Zacks Consensus Estimate of $20.484 billion

• Goldman Sachs (NYSE:GS) has downgraded Humana (NYSE:HUM) to “sell” from “neutral” rating with a target price of $56

• Deutsche Bank (NYSE:DB) has upgraded Symantec (NASDAQ:SYMC) to “buy” from “hold” rating raising its target price to $22 from $19

Company News for January 18, 2011 – Corporate Summary

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