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Company News for December 14, 2009 - Corporate Summary

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• Citigroup (NYSE:C) announced its agreement to repay the $20 billion in TARP bailout funds

• Reports said Google (NASDAQ:GOOG) plans to begin selling its own "Nexus One" cell phone directly to customers as early as next year

• The holiday shipping rush kicks in this week, with FedEx (NYSE:FDX) expecting it will process 50 million packages this week alone

• Baird lifted its rating on Visa (NYSE:V) shares to "outperform," taking the price target from $66 to $100

• Goldman Sachs (NYSE:GS) added Brookdale Senior Living (NYSE:BKD) to its Conviction Buy List, taking the price target from $20 to $22

• Wells Fargo (NYSE:WFC) downgraded Portland General Electric (NYSE:POR) on valuation concerns

• KBW upgraded Trustmark (NASDAQ:TRMK) with a price target of $24

• ExxonMobil (NYSE:XOM) received a ratings upgrade from Societe Generale to "buy" from "hold," with a price target of $84

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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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