Company News for September 24, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/25168/Company+News+for+September+24%2C+2009+-+Corporate+SummaryPosted on Thursday, September 24th, 2009 | In Investing Lessons, Stocks to Watch
• Red Hat (NYSE:RHT) reported fiscal second quarter results of 20 cents a share, compared with Zacks estimates of 11 cents a share, on revenues of $183.6 million, versus estimates of $179.0 million
• Deutsche Bank (NYSE:DB) cut AutoZone (NYSE:AZO) price target to $150 from $175 but maintained its “hold” rating on the stock
• Reports say modifications on the Boeing (NYSE:BA) 787 Dreamliner test plane suggest the first flight is possible by late October or early November
• The corporate head of Microsoft’s (NASDAQ:MSFT) Game Studios division ruled out plans to acquire video game publisher Electronics Arts (NASDAQ:ERTS)
• Abbott Laboratories (NYSE:ABT) has offered to buy the drug unit of Belgian’s conglomerate Solvay SA
• Deutsche Bank (NYSE:DB) raised its price target for HB Fuller (NYSE:FUL) to $23 from $18, while maintaining its “hold” rating
• Goldman Sachs (NYSE:GS) raised its price target on Buffalo Wild Wings (NASDAQ:BWLD) to $46
• Nintendo lowered its Wii price by 20% to $199.99 in the US after meeting increased competition from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE)
• Palm (NASDAQ:PALM) said an offering of 20 million shares of its common stock was priced at $16.25 apiece, a 5% discount to Tuesday’s closing price
• BlackRock (NYSE:BLK) shares rose 1.4% Wednesday on a Deutsche Bank (NYSE:DB) recommendation
• Cisco (NASDAQ:CSCO) shares fell 2.6% on failure to offer current quarter guidance and comments made by CEO Chambers that “it looks like a gradual recovery,” but also warning of a risk that the economy could still retreat
Last 5 posts by Zacks Market Commentaries
- VIP Falls Behind Expectations - Analyst Blog - November 25th, 2009
- J. Crew Beats Zacks Estimates - Analyst Blog - November 25th, 2009
- No Change in Deere's Outlook - Analyst Blog - November 25th, 2009
- Sprint Acquires Virgin Mobile USA - Analyst Blog - November 25th, 2009
- Provenge Action Date Assigned - Analyst Blog - November 25th, 2009
787 Dreamliner, Abbott Laboratories, Autozone, Blackrock, Boeing, Buffalo Wild Wings;, cent;, ceo, Cisco, corporate head, Deutsche Bank, Electronics Arts, Goldman Sachs, HB, Investing Lessons, microsoft, Nintendo, PALM, Red Hat, Solvay S.A.;, Sony, Stocks to Watch, United States, USD, video game publisher, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.