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2010-02-10

Stock Market News Briefs: Air Products And Chemicals

  •  Bank of America (BAC: 14.67 +0.20 +1.38%) upgraded Dell (DELL: 13.75 +0.20 +1.48%) to “buy” from “neutral,” with the price target raised to $18 from $16.50
  •  Adobe (ADBE: 32.76 +0.45 +1.39%) was upgraded by analysts at Credit Suisse (CS: 43.37 +0.93 +2.19%) from “neutral” to “outperform,” with the price target raised to $39.50 from $35
  •  Peabody Energy (BTU: 42.65 +0.28 +0.66%) was raised by analysts at JP Morgan (JPM: 38.87 +0.48 +1.25%) to “overweight” from “neutral” with a price target of $50, while Massey Energy (MEE: 38.87 -1.18 -2.95%) was cut to “neutral” from “overweight” with a $43 price target
  •  RW Baird upgraded Air Products (APD: 68.22 +0.27 +0.40%) to “outperform” from “neutral,” with an $89 price target
  •  Citigroup (C: 3.20 +0.02 +0.63%) was reinstated by Goldman Sachs (GS: 153.63 +1.14 +0.75%) at a “neutral” rating and a price target of $3.50
  •  Goldman Sachs (GS: 153.63 +1.14 +0.75%) maintained its “buy” recommendation on Baidu (BIDU: 482.13 +47.12 +10.83%) with its price target raised to $575 from $550
  •  Bank of America (BAC: 14.67 +0.20 +1.38%) upgraded Tiffany (TIF: 41.14 +1.07 +2.67%) to “buy” from “neutral” with a price target of $42
  •  ArcelorMittal (MT: 36.66 -2.80 -7.10%) the world’s largest steelmaker, reported a fourth-quarter profit 68 cents a share, well above Zacks estimates of 19 cents, on revenues of $18.64 billion, just short of Zacks estimates of $18.83 billion
  •  Monsanto (MON) reaffirmed its 2010 earnings guidance of $3.10-$3.30
  •  Sprint Nextel (S) reported a fourth-quarter loss of 34 cents a share, compared with Zacks estimates of an 18 cent loss.  Revenues of $7.9 billion were just short of Zacks expectations for $8.00 billion
 

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