Company News for June 10, 2010 - Corporate Summary

• Reports say another federal probe into Goldman Sachs' GS handling of CDO is in the works, regarding a $2 billion Hudson Mezzanine offering sold in 2006

• Old Republic ORI announced plans to merge with PMA Capital PMACA, in a $365 million deal

• Citigroup C upgraded shares of Martin Marietta Materials MLM to “hold" from "sell"

• Keybanc upgraded Crane CR to "buy" from "hold," with a $39 price target

• Lululemon LULU reported better-than-projected first quarter earnings of 27 cents a share, ahead of Zacks estimates of 21 cents, on revenues of $138.3 million, which topped Zacks estimates of $129 million

• Auriga upgraded Omnicell OMCL to "buy" from "hold," with a $15 price target

• Human Genome Sciences HGSI said it is seeking FDA approval of experimental lupus drug Benlysta, being co-developed with GlaxoSmithKline GSK

• Keybanc reiterated its buy rating on Tenneco TEN with a $36 price target and maintained its buy on FMC FMC with a $71 price target

Zacks Investment Research
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!