Company News for May 19, 2010 - Corporate Summary

• Deere DE reported fiscal second quarter earnings of $1.58, versus Zacks estimates of $1.09 as revenues rose 6% to $7.13 billion, beating Zacks estimates of $6.89 billion

• BJ's Wholesale BJ reported interims of 49 cents, 6 cents higher than Zacks expectations, as revenues grew 12.8% to $2.5 billion, up from estimates of $2.6 billion

• Pfizer PFE confirmed plans to reduce its production staff by 18%, cutting 6,000 jobs, on restructuring efforts following the Wyeth takeover

• Target TGT reported earnings of 90 cents a share, versus Zacks estimates of 87 cents, on inline revenues of $15.59 billion

• JP Morgan JPM initiated coverage of Charles Schwab SCHW with an "overweight" rating and a price target of $24

• Goldman Sachs GS upgraded Macy's M to "buy" from "neutral," with a $27 price target