Company News for March 8, 2010 - Corporate Summary
• AIG (NYSE:AIG) is reportedly close to a deal to sell its international unit, Alico, to MetLife (NYSE:MET) for $15.5 billion in cash and stock
• Toyota Motor (NYSE:TM) president expects the auto-maker's North American sales could recover in March
• The Bank of NY Mellon (NYSE:BK) agreed to purchase Germany's BHF Asset Servicing GmbH for about $343 million
• Goldman Sachs (NYSE:GS) upgraded US Steel (NYSE:X) from "neutral" to "buy," lifting the price target from $55 to $70, while downgrading shares of AK Steel (NYSE:AKS) to "neutral" from "buy," and setting a price target of $26
• Lazard upgraded Dendreon (NASDAQ:DNDN) to "buy" and lifted the price target to $39 from $35
• FBR upgraded PNC Financial (NYSE:PNC) to "outperform" from "market perform," and raised the price target to $65 from $55
• JMP Securities upgraded Yahoo (NASDAQ:YHOO) to "outperform" from "market perform," with a $21 price target
• FBR downgraded Fifth Third (NASDAQ:FITB) to "market perform" from "outperform," with a price target of $14
• BMO Capital upgraded Research in Motion (NASDAQ:RIMM) to "outperform," raising the target price from $70 to $88
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