Company News for November 23, 2010 - Corporate Summary

• Hewlett-Packard HPQ reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26

• Campbell Soup CPB reported its fiscal first-quarter missed by a penny, coming in at $0.82 on revenues off by 1.4% at $2.17 billion, shy of estimates of $2.19 billion

• Johnson & Johnson JNJ recalled 4.8 million packages of children's Benadryl and Motrin

• Medtronic MDT posted fiscal second quarter profits of $0.82, for a 1-cent beat, on a 1.7%, inline revenue gain to $3.90 billion

• J Crew JCG reportedly is nearing an agreement to be acquired for $2.8 billion, or $43.50 per share

• Piper Jaffray PJC upgraded Red Hat RHT from "neutral" to "overweight," with a $50 price target

• Goldman Sachs GS initiated coverage of VeriFone PAY at "neutral," and a price target of $31

• Deutsche Bank DB began coverage of Textron TXT at "buy," and a price target of $28

 
CAMPBELL SOUP (CPB): Free Stock Analysis Report
 
DEUTSCHE BK AG (DB): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
 
J CREW GROUP (JCG): Free Stock Analysis Report
 
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
 
MEDTRONIC (MDT): Free Stock Analysis Report
 
VERIFONE HLDGS (PAY): Free Stock Analysis Report
 
PIPER JAFFRAY (PJC): Free Stock Analysis Report
 
RED HAT INC (RHT): Free Stock Analysis Report
 
TEXTRON INC (TXT): Free Stock Analysis Report
 
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