Company News for February 5, 2010 - Corporate Summary
• Air Products (NYSE:APD) announced plans to acquire Airgas (NYSE:ARG) for $60 per share, or $5.1 billion
• Aetna (NYSE:AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was provided at $2.55-$2.65
• Aon (NYSE:AON) topped estimates, posting at 96 cents ex-items versus projections of 81 cents on revenues of $2.1 billion
• Weyerhaeuser (NYSE:WY) missed estimates, reporting a loss of 52 cents, comparing poorly to estimates of a 38 cent loss, as revenues of $1.28 billion missed estimates of $1.37 billion
• Deutsche Bank (NYSE:DB) upgraded Archer Daniels Midland (NYSE:ADM) to a "buy," with a price target of $35
• FBR upgraded MetLife (NYSE:MET) to "outperform," with a price target raised to $46 from $43
• KeyBanc (NYSE:KEY) upgraded Tenneco (NYSE:TEN) to a "buy," lifting the price target to $27 from $19
• Goldman Sachs (NYSE:GS) downgraded Coach (NYSE:COH) and Nordstrom (NYSE:JWN) to "neutral"
• Janney Montgomery upgraded Best Buy (NYSE:BBY) to a "buy," taking the price target from $42 to $44
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