Company News for September 20, 2010 - Corporate Summary

• Safran agreed to acquire L-1 Identity (NYSE:ID) for $1.6 billion cash, or $12 per share

• General Growth Properties (NYSE:GGP) paid $230 million to Howard Hughes heirs to settle a dispute

• Goldman Sachs (NYSE:GS) upgraded Freeport-McMoRan (NYSE:FCX) to “buy” from “neutral,” taking the price target from $79 to $94.

• Goldman Sachs (NYSE:GS) downgraded US Steel (NYSE:X) and Nucor (NYSE:NUE) from “buy” to “neutral,” dropping the price targets on US Steel from $51 to $45, and on Nucor from $45 to $40

• Societe Generale upgraded Research in Motion (NASDAQ:RIMM) from “sell” to “buy,” taking the price target from $51 to $57

• Deutsche Bank (NYSE:DB) downgraded Lubrizol (NYSE:LZ) to “hold” from “buy,” with a price target of $110

• Goldman Sachs (NYSE:GS) upgraded Gap (NYSE:GPS) from “sell” to “neutral,” with a price target set at $17

• Oppenheimer (NYSE:OPY) upgraded Best Buy (NYSE:BBY) from “perform” to “outperform,” taking the price target from $38 to $45

• Wells Fargo (NYSE:WFC) upgraded CarMax (NYSE:KMX) to “outperform,” with the price target raised from $24-$26 to $28-$29

• Goldman Sachs (NYSE:GS) upgraded Garmin (NASDAQ:GRMN) from “sell” to “neutral” lifting the price target from $28 to $29

Company News for September 20, 2010 – Corporate Summary

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