Company News for November 23, 2010 - Corporate Summary

• Hewlett-Packard (NYSE:HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm’s new-year estimate was set at a 13-15% rise to $5.16-$5.26

• Campbell Soup (NYSE:CPB) reported its fiscal first-quarter missed by a penny, coming in at $0.82 on revenues off by 1.4% at $2.17 billion, shy of estimates of $2.19 billion

• Johnson & Johnson (NYSE:JNJ) recalled 4.8 million packages of children’s Benadryl and Motrin

• Medtronic (NYSE:MDT) posted fiscal second quarter profits of $0.82, for a 1-cent beat, on a 1.7%, inline revenue gain to $3.90 billion

• J Crew (NYSE:JCG) reportedly is nearing an agreement to be acquired for $2.8 billion, or $43.50 per share

• Piper Jaffray (NYSE:PJC) upgraded Red Hat (NYSE:RHT) from “neutral” to “overweight,” with a $50 price target

• Goldman Sachs (NYSE:GS) initiated coverage of VeriFone (NYSE:PAY) at “neutral,” and a price target of $31

• Deutsche Bank (NYSE:DB) began coverage of Textron (NYSE:TXT) at “buy,” and a price target of $28

Company News for November 23, 2010 – Corporate Summary

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