Company News for February 2, 2010 - Corporate Summary

• Bank of America (NYSE:BA) upgraded ExxonMobil (NYSE:XOM) to "buy" from "neutral," with a price target of $82.

• Bernstein initiated coverage of Visa (NYSE:V) and MasterCard (NYSE:MA), both with "outperform" ratings, and price targets of $104 and $325, respectively.
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• Citigroup (NYSE:C) upgraded Alcoa (NYSE:AA) and Freeport-McMoRan (NYSE:FCX) to "buy" from "neutral," with Alcoa's price target held at $17, and Freeport-McMoRan's raised to $95 from $85

• Emerson Electric (NYSE:EMR) posted first quarter earnings eof 56 cents, topping estimates of 42 cents versus 60 cents a year earlier on revenues of $5 billion, which bested projections of $4.7 billion. The firm provided guidance of $2.20-$2.40, ahead of Street estimates of $2.15.

• Dow Chemical (NYSE:DOW) beat estimates with fourth quarter earnings of 18 cents a share, ahead of estimates of 11 cents a share, versus a 62 cent year-ago loss, on revenues of $12.5 billion, ahead of estimates of $11.8 billion

• Whirlpool (NYSE:WHR) posted better-than-expected fourth quarter earnings of $1.64 ex-items, which topped projections of $1.32 versus 60 cents a year ago, on revenues of $4.86 billion, ahead of estimates of $4.44 billion

• Archer Daniel Midlands (NYSE:ADM) reported fiscal second quarter earnings of 88 cents a share, beating estimates of 72 cents, on revenues of $15.9 billion, which missed projections of $16.5 billion

• Boeing (NYSE:BA) orders are likely to trail 2010 deliveries with demand not expected to rise until 2012. However, the firm is on track to make its first 787 Dreamliner delivery to Japan's All Nippon Airways by yearend.

• Citigroup (NYSE:C) upgraded Rio Tinto (NYSE:RTP) to "buy" from "hold"

• UPS (NYSE:UPS) posted fourth quarter results 2 pennies above estimates at 75 cents versus 83 cents a year earlier on revenues of $12.38 billion, ahead of estimates for $12.22 billion. Guidance for the year was set at $2.70-$3.05

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