Company news for December 28, 2009 - Corporate Summary
• A number of health care IPOs were filed over the weekend, including a $90 million filing from Rules-Based Medicine (NASDAQ:RULE), a $80 million IPO from Alimera Sciences (NASDAQ:ALIM). Dehaier Medical Systems (NASDAQ:DHRM) expects its IPO to be price at $7-$9.
• The Royal Bank of Scotland (NYSE:RBS) reportedly is planning to sell about $4.8 billion in assets over the coming months.
• Piper Jaffray (NYSE:PJC) maintained its "overweight" advice on eBay (NASDAQ:EBAY), with a $33 price target.
• Cal-Maine Foods (NASDAQ:CALM) reported fiscal second quarter EPS results of 67 cents, compared to EPS estimates of 625 cents; on revenue of $229.2 million, compared to revenue estimates of $229 million.
• Viewing Fortinet (NASDAQ:FTNT) is a "leader in the fast-growing market segment known as Unified Threat Management (UTM)." Deutsche Bank (NYSE:DB) initiated coverage of the company with a "buy" rating.
• Soleil Securities named Allstate (NYSE:ALL) its Top Pick stock for 2010 with a buy rating and a price target of $38.
• Barron's remarked positively on IBM (NYSE:IBM), believing the company deserves a higher multiple.
• Freddie Mac (NYSE:FRE) anticipates 6% mortgage rates by year end of 2010.
• Apple (NASDAQ:AAPL) closed at an all-time high on Thursday as investors speculated on its upcoming tablet computer launch.
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