Investment Banking & Brokerage

Recently, Life Technologies Corporation (LIFE) has received approval from the US Food and Drug Administration (FDA) for TaqMan, Salmonella enteritidis (SE) detection kit which has been developed in collaboration with the University of Pennsylvania School of Veterinary Medicine. The PCR (...

• Intel (NASDAQ:INTC) reported fourth quarter earnings of $0.59, ahead of the Zacks Consensus Estimate of  $0.53, on revenues of $11.5 billion beating the Zacks Consensus Estimate of $10.73 billion. Gross profit margins came in at 67.5%. The firm lifted first quarter sales projections to $11.1...

Home Properties Inc (NYSE: HME) was downgraded by KeyBanc from "buy" to "hold." HME's shares closed at $53.20 yesterday. Home Properties' PEG ratio is 2.68. Heartland Payment Systems Inc (NYSE: HPY) was downgraded by JP Morgan from "neutral" to "underweight." HPY's stock closed at $16.23 yesterday...

Keefe Bruyette & Woods is downgrading Stifel Financial (NYSE: SF) to Market Perform from Outperform on valuation as shares are up 49% since 8/31/2010. With the stock trading within 4% of our revised $67 PT, there is not enough upside to maintain OP rating. KBW remains strong believers in the...

Analysts at Keefe Bruyette downgrade Stifel Financial Corp (NYSE: SF) from “outperform” to “market perform.” The target price for SF is set to $67. SF shares gained 0.48% to close at $64.63 yesterday. More Analyst Ratings here

Announcing management changes, Morgan Stanley's (NYSE: MS) Jack Dimaio to leave the firm. Greg Fleming named to new post, running two of Morgan Stanley's divisions. These changes come during a fixed income group turnaround in the firm.

Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), client GeoResources, Inc., (NASDAQ: GEOI), today announced that it increased the size of its previously announced public offering from 4,700,000 shares to 5,360,000 shares, of which 4,...

JPMorgan Chase & Co. (JPM) is scheduled to report its fourth quarter and full year 2010 results before the market opens on Friday, January 14, 2011. The Zacks Consensus Estimate for the fourth quarter is $1.00 per share, representing growth of about 35% over the year-ago quarter. For the full...

JPMorgan Chase & Co. (JPM) is scheduled to report its fourth quarter and full year 2010 results before the market opens on Friday, January 14, 2011. The Zacks Consensus Estimate for the fourth quarter is $1.00 per share, representing growth of about 35% over the year-ago quarter. For the full...

Today the major stock indexes are trading just slightly lower on the session. The declines in the market come as gold, silver, copper and oil all selling off today. The one sector that is holding up very well is the beloved large financial stocks that are 'too be to fail'. Major financial stocks...

Keefe, Bruyette & Woods issued a quarterly update on SMID-cap institutional focused broker dealers in advance of a report on 4Q10 earnings to be released the week of January 24th. In light of their findings, KBW increased the PT estimate for Duff and Phelps (NYSE: DUF), due to “stronger than...

• Baird has upgraded Micron (NYSE:MU) from "neutral" to "outperform" increasing the target price from $8 to $15 • Infosys (NASDAQ:INFY) posted fiscal third quarter earnings of $0.69, above the Zacks Consensus Estimate of $0.66, on revenues of $1.59 billion, slightly lower than the Zacks Consensus...

• Baird has upgraded Micron (NYSE:MU) from "neutral" to "outperform" increasing the target price from $8 to $15 • Infosys (NASDAQ:INFY) posted fiscal third quarter earnings of $0.69, above the Zacks Consensus Estimate of $0.66, on revenues of $1.59 billion, slightly lower than the Zacks Consensus...

Markets rose to fresh highs as bank stocks led the rally following optimistic earnings prospects and some upgrades. Benchmarks touched multi-year highs as concerns about the euro-zone debt crisis eased and the Federal Reserve released an upbeat report.   The Dow gained 0.7% and closed at 11,755....