Company News for January 06, 2010 - Corporate Summary
• Goldman Sachs (NYSE:GS) added 3M (NYSE:MMM) to its Conviction Buy List, with a price target of $105 up from $100
• Family Dollar (NYSE:FDO) reported fiscal first quarter earnings of 49 cents a share, two pennies higher than projected, on inline revenues of 1.82 billion
• Beazer Homes (NYSE:BZH) announced plans to issue a secondary offering of 18 million common shares and $50 million in convertible notes. The firm reported new home orders up 36.6% to 728 during the quarter, with closings up 8% to 961 homes
• Macquarie upgraded American Express (NYSE:AXP) to "outperform," with a price target of $49
• Chubb (NYSE:CB) and Travelers (NYSE:TRV) were downgraded by FBR, with Chubb's price target dropped to $60 from $65 and Travelers to $62 from $65
• Apple's (NASDAQ:AAPL) apps hit 3 billion
• Dow Chemical (NYSE:DOW) was upgraded at Barclays (NYSE:BCS) to "overweight," with its price target raised to $40 from $30
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