Company News for September 7, 2010 - Corporate Summary

• Air Products & Chemicals (NYSE:APD) raised its offer for Airgas (NYSE:ARG) to $65.50 from $63.50 per share, equalling $5.5 billion

• Oracle (NASDAQ:ORCL) announced the appointment of former Hewlett-Packard (NYSE:HPQ) CEO Mark Hurd as co-President

• Goldman Sachs (NYSE:GS) added Oracle shares to its Conviction Buy List, with a price target of $27

• Barclays (NYSE:BCS) announced that its investment bank head, Robert Diamond, will take over as chief executive when current CEO John Varley exits in March 2011

• Morgan Stanley (NYSE:MS) upgraded Nokia (NYSE:NOK) from “underweight” to “overweight,” with a price target of $11.50

• Goldman Sachs (NYSE:GS) resumed coverage of Schlumberger (NYSE:SLB) with a “buy” rating and a price target of $68

• Susquehanna initiated coverage of Occidental Petroleum (NYSE:OXY) with a “buy” rating and a $98 price target

• FBR upgraded Pioneer Natural Resources (NYSE:PXD) from “market” to “outperform,” taking the price target from $60 to $85

• Jefferies (NYSE:JEF) reiterated its “buy” rating on Lubrizol (NYSE:LZ), taking the price target from $115 to $122

• A Barron’s article opined deepwater drillers attractively priced at current levels, with Noble (NYSE:NE) shares best positioned

Company News for September 7, 2010 – Corporate Summary

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