Company News for June 28, 2011 - Corporate Summary
June 28 2011 - 5:10AM
Zacks
• Shares of online company Amazon.com, Inc.
(NASDAQ:AMZN) gained 4.52% after analysts at Morgan Stanley
(NYSE:MS) opined that the company's fourth quarter profits and
margins will outperform the Street's expectations
• Share prices of Icagen, Inc. (NASDAQ:ICGN)
zoomed up 163.76% to close at $6.33 after Pfizer Inc. (NYSE:PFE)
disclosed that the drug manufacturer is planning to enter into a
strategic alliance with Icagen
• The Board of directors of LDK Solar Co
(NYSE:LDK) has authorized the repurchase of up to $110 million of
American Depositary Shares
• Share prices of Universal Forest Products, Inc.
(NASDAQ:UFPI) shed 9.71% after the company said it will initiate a
cost-cutting program because of declining sales this year
• Fitch Ratings downgraded the credit rating of
Best Buy Co (NYSE:BBY) due to lower stores sales and feeble
performance compared to its competitors
• Analysts at Barclays Capital initiated coverage
on shares of DreamWorks Animation SKG (NASDAQ:DWA) with an
"Underweight" rating, citing falling revenue generation from its
DVD business and weak activity in the 3D tech space
• Analysts at Ticonderoga Securities downgraded
Molex Inc. (NASDAQ:MOLX) from "Neutral" rating to "Sell" rating,
citing weak economic growth which has reduced the demand for its
products
• Analysts at JMP Securities upgraded real estate
investment trust American Capital Agency Corp. (NASDAQ:AGNC) to
"Outperform" rating from "Market Perform" rating
• Shares of Expeditors International Of
Washington, Inc. (NASDAQ:EXPD) were upgraded by analysts at Robert
W. Baird to "Outperform" rating with a target price of $60
AMER CAP AGENCY (AGNC): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
DREAMWORKS ANIM (DWA): Free Stock Analysis Report
EXPEDITORS INTL (EXPD): Free Stock Analysis Report
ICAGEN INC (ICGN): Free Stock Analysis Report
LDK SOLAR CO (LDK): Free Stock Analysis Report
MOLEX INC (MOLX): Free Stock Analysis Report
MORGAN STANLEY (MS): Free Stock Analysis Report
PFIZER INC (PFE): Free Stock Analysis Report
UNIVL FST PRODS (UFPI): Free Stock Analysis Report
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