Company News for August 18, 2010 - Corporate Summary

• Privately-held Reynolds Group announced plans to acquire hefty-bag maker, Pactiv PTV, for $6 billion, or $33.25 per share

• Deere DE reported better-than-expected sales and earnings for fiscal third quarter. Earnings of $1.44 beat estimates of $1.24 on revenues of $6.84 billion, which beat estimates of $6.5 billion. The firm said it was experiencing slow sales in Europe

• Target TGT reported inline second quarter earnings of 92 cents a share, on revenues of $15.53 billion, slightly missing consensus estimates of $15.6 billion

• BJ Wholesale BJ posted worse than anticipated second quarter earnings of 67 cents a share, off estimates of 73 cents, as revenues of $2.79 billion cam in line with expectations. Guidance for 2011 was lowered to $2.40-$2.50 from $2.58-$2.68

• Goldman Sachs GS downgraded Illinois Tool Works ITW to "neutral" from "buy," cutting the price target from $53 to $50

• Needham maintained a "buy" rating on Marvell MRVL, but lowered the price target from $25 to $23. Morgan Keegan downgraded Netflix NFLX to "underperform" from "outperform”

 
BJ'S WHOLESALE (BJ): Free Stock Analysis Report
 
DEERE & CO (DE): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
ILL TOOL WORKS (ITW): Free Stock Analysis Report
 
MARVELL TECH GP (MRVL): Free Stock Analysis Report
 
NETFLIX INC (NFLX): Free Stock Analysis Report
 
PACTIV CORP (PTV): Free Stock Analysis Report
 
TARGET CORP (TGT): Free Stock Analysis Report
 
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