Company News for January 29, 2010 - Corporate Summary
• Honeywell (NYSE:HON) reported a one penny fourth quarter earnings beat of 91 cents on revenues of $8.1 billion, just below Zacks estimates of $8.16 billion. The firm said it expects for 2010 earnings of $2.20 to $2.40
• Dover (NYSE:DOV) reported estimate-topping fourth quarter earnings of 55 cents up from Zacks estimates of 48 cents, on revenues of $1.5 billion, versus Zacks estimates of $1.45 billion
• Fortune Brands (NYSE:FO) topped estimates with fourth quarter results of 66 cents versus Zacks estimates of 51 cents on revenues of $1.8 billion, topping estimates of $1.66 billion
• Goldman Sachs (NYSE:GS) upgraded Walmart (NYSE:WMT) shares to "buy" from "neutral," lifting the price target from $58 to $60
• Bank of New York Mellon (NYSE:BK) is reportedly purchasing a back office processing unit from PNC Financial (NYSE:PNC) for $2.5 billion
• FBR reiterated a "outperform" rating on 3M (NYSE:MMM), raising its price target from $100 to $102, and its 2010 earnings estimate by a dime to $5.20
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