• Palm (NASDAQ:PALM) reported a narrower-than-expected quarterly loss, but its outlook disappointed.  The company also announced plans for a 16 million common share offering.  The firm reported a loss ex-items of 10 cents a share, under Zacks estimates of a 25 cent per share loss, on revenues of $360.7 million versus estimates of $289.1 million

• Valero Energy (NYSE:VLO) topped the list of yesterday’s S&P500 gainers, up 6.6%, as Credit Suisse’s (NYSE:CS) analyst asserted US refiners likely to see renewed interest based on the increase expected in energy demand

• Citigroup (NYSE:C) analysts upgraded Procter & Gamble (NYSE:PG) shares to “buy” from “hold,” lifting the price target to $66 from $54 

• Piper Jaffray raised its rating on Starbucks (NASDAQ:SBUX) to “overweight” nad upped the price target to $24 from $13. The analyst expects earnings to grow at least 17% over the next two years

• JP Morgan (NYSE:JPM) raised its rating on KB Homes (NYSE:KBH) to “overweight” and its price target to $25.50 from $10

• Texas Instruments (NYSE:TXN) increased its quarterly dividend 9% to 12 cents from 11 cents a share

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