Company News for December 15, 2009 - Corporate Summary
• Charles Schwab (NASDAQ:SCHW) said it expects fourth quarter earnings ex-items of about 13 cents to 15 cents per share, short of Street estimates of 17 cents, citing lower interest rates and light trading volume
• Goldman Sachs (NYSE:GS) began coverage of IPO Hyatt (NYSE:H) with a "buy" rating and a $36 target, citing "better-than-expected earnings and an increasing realization by investors that the lodging recovery is not only real, but looks set to be sustained, should lead to share outperformance"
• Wells Fargo (NYSE:WFC) and Deutsche Bank (NYSE:DB) both upgraded News Corp (NASDAQ:NWSA) to "outperform," lifting their target prices on the shares
• Piper Jaffray (NYSE:PJC) maintained its "overweight" rating on Red Hat (NYSE:RHT) but raised its price target to $34
• Deutsche Bank (NYSE:DB) upgraded shares of Wells Fargo (NYSE:WFC) and BB&T (NYSE:BBT) to "buy," raising Wells Fargo's price target to $36 and BB&T's to $32
• Boeing's (NYSE:BA) much-awaited Dreamliner test flight is set for today's lift-off
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