Company News for July 15, 2011 - Corporate Summary
July 15 2011 - 5:10AM
Zacks
• Share prices of ConocoPhillips (NYSE:COP)
increased 1.63% after the board of directors authorized the
division of the energy company into two publicly traded firms
• Maker of chips for mobiles, PC's and
automobiles Fairchild Semiconductor's (NYSE:FCS) shares gained
2.85% to close at $16.59 after the company released an optimistic
outlook for the fiscal
• Analysts at Wedbush upgraded NutriSystem Inc.
(NASDAQ:NTRI) from “Neutral” rating to an “Outperform” rating with
a target price of $19 on its stock. Following this upgrade, the
shares gained 5.44% to close at $15.11
• U.S. listed shares of Lloyds Banking Group PLC
(NYSE:LYG) gained momentum in the day’s trade after Goldman Sachs
(NYSE:GS) added the London bank to its conviction "Buy" list
citing the bank has little exposure in the ongoing
European debt crisis and its shares are attractively priced
• Late on Wednesday, supplier of
satellite-control products Frequency Electronics, Inc.
(NASDAQ:FEIM) forecasted robust revenue growth for the fiscal
2011
• According to a report by Bloomberg, Bank of
America Corp (NYSE:BAC) has made an initial offer to bond insurers
MBIA Inc. (NYSE:MBI) in an attempt to settle a legal dispute
related to defective mortgages
• Share prices of pipeline company Southern Union
Company (NYSE:SUG) increased 4.37% after Williams Cos. (NYSE:WMB)
raised its offer for the company, beating Energy Transfer Equity,
L.P.'s (NYSE:ETE) bid of $5 million
• Shares of Marriott International Inc.
(NYSE:MAR) lost 6.60% a day after the largest publicly traded U.S.
hotel-chain operator released its third-quarter earnings forecast
that came in below expectations
• Analysts at Goldman Sachs (NYSE:GS) has lowered
its rating on the shares of RTI International Metals (NYSE:RTI)
to "Sell" rating from "Neutral" rating and slashed the
target price from $40 to $31
BANK OF AMER CP (BAC): Free Stock Analysis Report
CONOCOPHILLIPS (COP): Free Stock Analysis Report
ENERGY TRAN EQT (ETE): Free Stock Analysis Report
FAIRCHILD SEMI (FCS): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
LLOYDS BANK GRP (LYG): Free Stock Analysis Report
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
MBIA INC (MBI): Free Stock Analysis Report
MEDICIS PHARM-A (MRX): Free Stock Analysis Report
NUTRI/SYSTEM (NTRI): Free Stock Analysis Report
RTI INTL METALS (RTI): Free Stock Analysis Report
SOUTHN UNION CO (SUG): Free Stock Analysis Report
WILLIAMS COS (WMB): Free Stock Analysis Report
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