Company News for December 6, 2010 - Corporate Summary

• Rio Tinto RIO is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining

• Barron's wrote favorably on Big Lots BIG on valuation merits after last week's earnings miss

• According to All Things Digital, talks between Google GOOG and Groupon were terminated

• Pfizer PFE CEO Kindler stepped down from his position

• Bank of America BAC says it now meets standards to exit Tarp

• Dollar General DG posted better-than-expected third quarter earnings of $0.39 versus $0.35 estimates, on inline revenues of $3.22 billion

• Oppenheimer upgraded Cisco CSCO from "market-perform" to "outperform," with a $23 price target

• Goldman Sachs GS upgraded Abercrombie & Fitch ANF from "buy" to "conviction buy," with a price target of $70

• Jefferies JEF maintained a "buy" on Air Products APD, lifting the price target from $96 to $105

• KBW downgraded Royal Bank of Canada RY from "outperform" to "market perform," and dropped the price target from $58 to $56

• FBR reiterated its "outperform" rating on Illinois Tool Works ITW with a price target of $62

• Morgan Stanley MS raised its estimates and target price on Netflix NFLX, taking the fair value target from $185 to $225, and the bull case fair value to $265

 
ABERCROMBIE (ANF): Free Stock Analysis Report
 
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BANK OF AMER CP (BAC): Free Stock Analysis Report
 
BIG LOTS INC (BIG): Free Stock Analysis Report
 
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
 
DOLLAR GENERAL (DG): Free Stock Analysis Report
 
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
ILL TOOL WORKS (ITW): Free Stock Analysis Report
 
JEFFERIES GP-NW (JEF): Free Stock Analysis Report
 
PFIZER INC (PFE): Free Stock Analysis Report
 
ROYAL BANK CDA (RY): Free Stock Analysis Report
 
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