Company News for June 07, 2011 - Corporate Summary

• Share prices of home nursing provider Amedisys, Inc.(NASDAQ:AMED) fell 7.41% after CRT Capital reduced its earnings estimates for fiscal 2011

• According to Canaccord Genuity, data from a trial of Exelixis, Inc’s (NASDAQ:EXEL) cancer-drug candidate could possibly worsen its regulatory strategy

• According to the Wall Street Journal, Novartis AG (NYSE:NVS) could possibly opt out from the buying race for medical test manufacturer Gen-Probe Inc (NASDAQ:GPRO)

• Merge Healthcare Inc (NASDAQ:MRGE) announced plans to buy Ophthalmic Imaging Systems (OTC:OISI) for a deal worth $30.3 million in stock

• U.S.-listed shares of Peruvian metal producer Southern Copper Corp. (NYSE:SCCO) declined 11.35%, after a former army rebel won Peru’s presidential elections

• Raymond James Financial Inc. downgraded Credicorp Ltd (NYSE:BAP) , the Peruvian financial-services firm from “Outperform” to “Underperform” rating

• Piper Jaffray initiated coverage on shares of Akorn (NASDAQ:AKRX) with an “Overweight” rating

• Shares of Coventry Health Care (NYSE:CVH) were downgraded by Citadel Securities from “Add” to “Neutral” rating

• Credit Suisse (NYSE:CS) initiated coverage on shares of Lloyds Banking Group (NYSE:LYG) with a “Neutral” rating

Company News for June 07, 2011 – Corporate Summary

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