Company News for September 21, 2010 - Corporate Summary

• Nokia (NYSE:NOK) for the second time announced delivery delays of its N8 model smartphone

• ConAgra (NYSE:CAG) announced worse-than-expected fiscal first quarter earnings of 34 cents a share, off estimates of 39 cents, on revenues of $2.82 billion, below estimates at $2.98 billion

• AutoZone (NYSE:AZO) reported better-than-forecast sales and earnings for fiscal fourth quarter, with earnings of $5.66 ahead of Street estimates at $5.42 and revenues of $2.45 billion better than the expected $2.39 billion

• Hewlett-Packard (NYSE:HPQ) ended its dispute with former CEO Hurd

• Goldman Sachs (NYSE:GS) added Nabors Industries (NYSE:NBR) to its Conviction Buy List with a price target $22

• FBR reiterates an “outperform” rating on Sprint Nextel (NYSE:S), with a price target $6

• Goldman Sachs (NYSE:GS) resumed coverage of Forest Labs (NYSE:FRX), with a “neutral” rating and a price target of $33

• Goldman Sachs (NYSE:GS) downgraded shares of Bristow (NYSE:BRS) from “buy” to “hold,” with a price target of $39

• Deutsche Bank (NYSE:DB) initiated coverage of Cott (NYSE:COT) at a “buy,” with a price target of $10

• Wells Fargo (NYSE:WFC) initiated coverage of JA Solar (NASDAQ:JASO) at a “market perform,” with a price target of $7-$8.

• FBR reiterates an “outperform” on Discover Financial (NYSE:DFS) with a price target of $19

Company News for September 21, 2010 – Corporate Summary

SIGN UP TO NEWSLETTER

Free E-Book

Recent Posts