Company News for January 18, 2011 - Corporate Summary

• Comerica CMA has plans to purchase Sterling Bancshares SBIB for $1.03 billion for a deal worth $10 per share

• GlaxoSmithKline GSK reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its diabetes drug Avandia

• Boeing BA reported a resumption of certified testing of its long-delayed 787 Dreamliner on Monday, almost three years behind its expected schedule

• Delta Airlines DAL has reported airlines earnings numbers, with a fourth quarter showing of $0.19, below the Zacks Consensus Estimate of $0.26, on revenues of $7.8 billion ahead of the Zacks Consensus Estimate of $7.687 billion

• According to Piper Jaffray PJC, weakness in Apple's  AAPL shares due to absence of CEO Steve Jobs' because of health related issues offers a fantastic buying opportunity in the shares

• FBR maintained  an "outperform" rating on JP Morgan JPM, raising the target price to $53 from $45

• Citigroup C reported fourth quarter earnings of $0.04, lower than the Zacks Consensus Estimates of $0.08 but reversing last year's loss of $0.33, on revenues of $19.5 billion, below the Zacks Consensus Estimate of $20.484 billion

• Goldman Sachs GS has downgraded Humana HUM to "sell" from "neutral" rating with a target price of $56

• Deutsche Bank DB has upgraded Symantec SYMC to "buy" from "hold" rating raising its target price to $22 from $19 

 
APPLE INC (AAPL): Free Stock Analysis Report
 
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CITIGROUP INC (C): Free Stock Analysis Report
 
COMERICA INC (CMA): Free Stock Analysis Report
 
DELTA AIR LINES (DAL): Free Stock Analysis Report
 
DEUTSCHE BK AG (DB): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
GLAXOSMITHKLINE (GSK): Free Stock Analysis Report
 
HUMANA INC NEW (HUM): Free Stock Analysis Report
 
JPMORGAN CHASE (JPM): Free Stock Analysis Report
 
PIPER JAFFRAY (PJC): Free Stock Analysis Report
 
STERLING BCS-TX (SBIB): Free Stock Analysis Report
 
SYMANTEC CORP (SYMC): Free Stock Analysis Report
 
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