Company News for December 15, 2010 - Corporate Summary

• Joy Global JOYG reported fiscal fourth quarter earnings of $1.39, ahead of the Zacks Consensus Estimate of $1.16, on revenues of $1.05 billion that topped the Zacks Consensus Estimate of $925.0 million. The firm provided upside 2011 guidance of $5.00-$5.30, above the Zacks Consensus Estimate of $4.17

• Novartis NVS plans to accuire 22% of Alcon ACL, for $168 per share, or $12.9 billion

• Agrium AGU will sell their majority interest in AWB Ltd to Cargill for $870 million

• Icahn Enterprises IEP plans to buy Dynegy DYN for $5.50 per share, or $665.0 million

• Goldman Sachs GS initiated coverage on T. Rowe Price TROW from "neutral" rating to placing the company on its Conviction Buy list, upgrading  price target from $55 to $80

• JP Morgan JPM upgraded AmBev ABV from "neutral" to "overweight" rating, upgrading price target from $122 to $154

• RBC upgraded Ryder R from "sector perform" to "outperform," rising the target price from $48 to $62

 
AMBEV-PR ADR (ABV): Free Stock Analysis Report
 
ALCON INC (ACL): Free Stock Analysis Report
 
DYNEGY INC (DYN): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
JOY GLOBAL INC (JOYG): Free Stock Analysis Report
 
JPMORGAN CHASE (JPM): Free Stock Analysis Report
 
NOVARTIS AG-ADR (NVS): Free Stock Analysis Report
 
RYDER SYS (R): Free Stock Analysis Report
 
T ROWE PRICE (TROW): Free Stock Analysis Report
 
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