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Company News for February 10, 2010 - Corporate Summary

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• Bank of America (NYSE:BAC) upgraded Dell (NASDAQ:DELL) to "buy" from "neutral," with the price target raised to $18 from $16.50

• Adobe (NASDAQ:ADBE) was upgraded by analysts at Credit Suisse (NYSE:CS) from "neutral" to "outperform," with the price target raised to $39.50 from $35

• Peabody Energy (NYSE:BTU) was raised by analysts at JP Morgan (NYSE:JPM) to "overweight" from "neutral" with a price target of $50, while Massey Energy (NYSE:MEE) was cut to "neutral" from "overweight" with a $43 price target

• RW Baird upgraded Air Products (NYSE:APD) to "outperform" from "neutral," with an $89 price target

• Citigroup (NYSE:C) was reinstated by Goldman Sachs (NYSE:GS) at a "neutral" rating and a price target of $3.50

• Goldman Sachs (NYSE:GS) maintained its "buy" recommendation on Baidu (NASDAQ:BIDU) with its price target raised to $575 from $550

• Bank of America (NYSE:BAC) upgraded Tiffany (NYSE:TIF) to "buy" from "neutral" with a price target of $42

• ArcelorMittal (NYSE:MT) the world's largest steelmaker, reported a fourth-quarter profit 68 cents a share, well above Zacks estimates of 19 cents, on revenues of $18.64 billion, just short of Zacks estimates of $18.83 billion

• Monsanto (NYSE:MON) reaffirmed its 2010 earnings guidance of $3.10-$3.30

• Sprint Nextel (NYSE:S) reported a fourth-quarter loss of 34 cents a share, compared with Zacks estimates of an 18 cent loss.  Revenues of $7.9 billion were just short of Zacks expectations for $8.00 billion

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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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