Company News for August 10, 2010 - Corporate Summary

• KKR KKR withdrew its $500 million stock offering, citing weak market conditions

• Credit Suisse CS downgraded Royal Bank of Scotland RBS from "outperform" to "neutral"

• UBS UBS upgraded Whole Foods WFMI to "buy" from "neutral," with a price target of $45

• Bank of America BAC upgraded Macy's M to "buy" from "neutral," raising the price target to $23 from $21, expecting comp trends to continue strong through 2011. The firm meanwhile dropped its rating on JC Penney JCP to "underperform" from "buy," taking its price target to $20 from $33 as the firm cut 2010 projections to $1.45 from $1.49

• A Barron's article that suggested Target's earnings might jump on its growing focus on higher-margined items and cost controls sent Target TGT shares up 2.5%

• According to a Digitimes' report, Apple AAPL may soon launch new versions of it iPad tablet device

• JA Solar Holdings JASO posted second quarter results of 27 cents on revenues of $351 million, beating estimates of $304 million

 
APPLE INC (AAPL): Free Stock Analysis Report
 
BANK OF AMER CP (BAC): Free Stock Analysis Report
 
CREDIT SUISSE (CS): Free Stock Analysis Report
 
JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
 
PENNEY (JC) INC (JCP): Free Stock Analysis Report
 
MACYS INC (M): Free Stock Analysis Report
 
ROYAL BK SC-ADR (RBS): Free Stock Analysis Report
 
TARGET CORP (TGT): Free Stock Analysis Report
 
UBS AG (UBS): Free Stock Analysis Report
 
WHOLE FOODS MKT (WFMI): Free Stock Analysis Report
 
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