Company News for March 26, 2010 - Corporate Summary
• Oracle (NASDAQ:ORCL) reported after the close of yesterday's markets that its fiscal second quarter earnings beat Zacks estimates by two cents, coming in at 38 cents on revenues of $6.4 billion, which topped estimates of $6.3 billion
• UBS (NYSE:UBS) said it cut 200 positions in its US brokerage division
• Credit Suisse (NYSE:CS) reiterated an "outperform" rating on Apple (NASDAQ:AAPL), lifting the price target from $275 to $300, looking forward to a "monster quarter"
• JP Morgan (NYSE:JPM) upgraded Coach (NYSE:COH) to "overweight" from "neutral," and raised the price target from $35 to $44
• JP Morgan upgraded Research in Motion (NASDAQ:RIMM) and Nokia (NYSE:NOK) from "neutral" to "overweight," taking the price targets to $84 for RIMM and $19 for Nokia
• General Motors announced plans to repay bailout funds of $1.2 billion by month's end
• Janney Montgomery upgraded Cheesecake Factory (NASDAQ:CAKE) from "sell" to "buy"
• FBR downgraded Best Buy (NYSE:BBY) to "underperform" from "market perform," taking the price target to $36
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