Company News for January 12, 2011 - Corporate Summary

• JP Morgan JPM has downgraded Goldman Sachs GS from "overweight" to "neutral" rating because of valuation concerns, setting a target price of $175

• AIG AIG has planned  to sell off its Taiwan life insurance unit for $2.16 billion

• Cliffs Natural Resources CLF has agreed to pay $4.95 billion for Consolidated Thompson Iron Mines

• ITT ITT has announced plans to break up into three publicly-traded companies

• JP Morgan JPM CEO Jamie Dimon announced plans of a dividend hike to an annual rate of $0.75-$1.00 following stress test completion which is expected at the end of 2011 or in early 2012

• Boeing BA rival Airbus announced a deal worth $15.6 billion to sell 180 planes to Indigo which is an Indian budget airline

• Bernstein downgraded General Electric GE from "outperform" to "market perform"

• Goldman Sachs GS has upgraded Verizon VZ to "buy" rating from "neutral," raising the target price to $42 from $34

• UBS UBS has downgraded AK Steel AKS from "neutral" to "sell" rating

• Goldman Sachs GS added Carnival Corp. CCL to its Conviction Buy List with a target price of $55

 
AMER INTL GRP (AIG): Free Stock Analysis Report
 
AK STEEL HLDG (AKS): Free Stock Analysis Report
 
BOEING CO (BA): Free Stock Analysis Report
 
CARNIVAL CORP (CCL): Free Stock Analysis Report
 
CLIFFS NATURAL (CLF): Free Stock Analysis Report
 
GENL ELECTRIC (GE): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
ITT CORP (ITT): Free Stock Analysis Report
 
JPMORGAN CHASE (JPM): Free Stock Analysis Report
 
UBS AG (UBS): Free Stock Analysis Report
 
VERIZON COMM (VZ): Free Stock Analysis Report
 
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