Company News for October 7, 2010 - Corporate Summary

• PepsiCo (NYSE:PEP) reported third-quarter earnings of $1.22, in-line with expectations, on a 40% revenue jump to $15.5 billion, above projections of $15.4 billion. The firm also lowered 2010 guidance to 10-11% growth

• Marriott (NYSE:MAR) noted third quarter earnings missed by a penny, coming in at 22 cents on revenues of $2.65 billion, up 7.2% YoY, and inline with estimates of $2.66 billion

• Deutsche Bank (NYSE:DB) started coverage of Agilent Technologies (NYSE:A) with a “buy” rating and a $41.50 price target

• Nomura initiated coverage of Citigroup (NYSE:C) and JP Morgan (NYSE:JPM) with “buy” ratings

• Deutsche Bank (NYSE:DB) maintained a “hold” rating on General Electric (NYSE:GE) but lifted the price target to $20 from $19

• Needham kept a “buy” on CBS (NYSE:CBS), with a price target of $19

• FBR maintained an “outperform/top pick” recommendation on Prudential Financial (NYSE:PRU) with a $76 price target

• FBR maintained an “underperform” on Genuine Parts (NYSE:GPC) with a $36 price target

Company News for October 7, 2010 – Corporate Summary

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