• Joy Global JOYG reported fiscal third quarter earnings ten cents higher than estimated at $1.13, on a 11.1% revenue decline to $850 million, off projections of $877 million
• PerkinElmer PKI agreed to sell its illumination and detection solutions business to a private equity firm for about $500 million, adding 19-21 cents to third quarter operation results. The company also approved an increase in its share buyback program to 13 million
• HJ Heinz HNZ posted fiscal first quarter results of 75 cents, up from consensus estimates of 73 cents, on revenues of $2.48 billion that missed estimates of $2.53 million
• HSBC HBC upgraded both Arch Coal ACI and Massey Energy MEE to "overweight" from "neutral"
• Kaufman initiated coverage of Veeco VECO with a "buy" rating and a price target of $56
• Piper Jaffray PJC maintained an "overweight" rating on Netflix NFLX with a $140 price target
• Burger King BKC is reportedly in talks with several private equity firms on its possible sale
• Barclays BCS initiated coverage of CIT CIT at "overweight" with a price target of $46
ARCH COAL INC (ACI): Free Stock Analysis Report
BARCLAY PLC-ADR (BCS): Free Stock Analysis Report
BURGER KING HLD (BKC): Free Stock Analysis Report
HSBC HOLDINGS (HBC): Free Stock Analysis Report
HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
JOY GLOBAL INC (JOYG): Free Stock Analysis Report
MASSEY EGY CPY (MEE): Free Stock Analysis Report
NETFLIX INC (NFLX): Free Stock Analysis Report
PIPER JAFFRAY (PJC): Free Stock Analysis Report
PERKINELMER INC (PKI): Free Stock Analysis Report
VEECO INSTRS-DE (VECO): Free Stock Analysis Report
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