Company News for June 02, 2011 - Corporate Summary

• Shares of H.J. Heinz Co (NYSE:HNZ) were downgraded by Goldman Sachs (NYSE:GS) from “Neutral” rating to “Sell” rating and its target price lowered to $49 from $53

• Share prices of Daktronics, Inc. (NASDAQ:DAKT) increased 9.21% after the company posted better than expected fourth quarter earnings results. Daktronics are makers of electronic scoreboards and billboards

• Diet-pill developer Orexigen Therapeutics, Inc’s (NASDAQ”OREX) share prices rocketed 18.06% after the company said it will provide a regulatory update about its obesity treatment in two days

• France’s Schneider Electric announced its decision to buy Telvent Git S.A (NASDAQ:TLVT), the Spanish software maker in a deal worth $2 billion. Reacting to the news, U.S listed shares of the software company increased 15.34% to close at $39.73

• Share prices of Dollar General Corp. (NYSE:DG) fell 9.30% after the discount retailer posted first-quarter earnings results that came in below analysts’ expectations

• Analysts at BB&T initiated coverage on AECOM Technology Corporation (NYSE:ACM) with a “Buy” rating and a target price of $34.00

• Analysts at Macquarie initiated coverage on Air Lease Corp (NYSE:AL) setting an “Outperform” rating on the shares of the company

• Analysts at Barclays Capital initiated coverage on Amazon.com, Inc. (NASDAQ:AMZN) with an “Equal Weight” rating

• Analysts at Jefferies initiated coverage on Dr Pepper Snapple Group Inc. (NYSE:DPS) with a “Hold” rating

Company News for June 02, 2011 – Corporate Summary

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