Company News for August 17, 2010 - Corporate Summary

• BHP Billiton BHP confirmed a bid for Potash POT, valued at $130 per share, or $38.5 billion.

• Home Depot HD announced second quarter results of 72 cents a share, one cent above Zacks estimates, and up from 66 cents a year ago; however, sales up 1.8% to $19.41 billion missed Zacks estimates of $19.58 billion. Same-store-sales rose 1.7%

• Walmart WMT reported second quarter earnings of 97 cents a share, 1-cent better than Zacks expectations, on revenues of $103.7 billion up from $100.1 billion a year ago and below Zacks estimates of $105.0 billion. The company increased guidance for the full year by a nickel to $3.95-$4.05

• Bank of America BAC upgraded Target TGT to “buy” from "neutral," taking the price target from $57 to $61

• Goldman Sachs GS upgraded CF Industries CF to "Conviction Buy" from "neutral"

• GM is expected to file its IPO today

• Susquehanna upgraded Baker Hughes BHI to "positive" from "neutral," with a price target of $53

 
BANK OF AMER CP (BAC): Free Stock Analysis Report
 
BAKER-HUGHES (BHI): Free Stock Analysis Report
 
BHP BILLITN LTD (BHP): Free Stock Analysis Report
 
CF INDUS HLDGS (CF): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
HOME DEPOT (HD): Free Stock Analysis Report
 
POTASH SASK (POT): Free Stock Analysis Report
 
TARGET CORP (TGT): Free Stock Analysis Report
 
WAL-MART STORES (WMT): Free Stock Analysis Report
 
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