HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES

Zacks Education
Visit Zacks' Education section
for investing guides and other free resources to make you a better investor.
Quote:
Login Free Membership
Search:

 
Corporate Summary  

Company News for June 5, 2009

June 05, 2009 | Comments: 0
Recommended this article (1)
VLO | GS | GPS | DD | RTP | BHP | ACH
Print    Share

• Valero (NYSE:VLO - Analyst Report) was downgraded to "underperform" from "market perform" following news of its suspension of expansion plans for its Port Arthur refinery. Valero's 40 million shares offering was repriced lower at $18, sharply off original estimates, although only a slight discount to Wednesday's close

• Goldman Sachs' (NYSE:GS - Analyst Report) removed Gap Stores (NYSE:GPS - Analyst Report) from its conviction buy list, and downgraded the stock to "neutral."

• Dupont (NYSE:DD - Analyst Report) was downgraded by Merrill's analysts as being fully priced

• Rio Tinto (NYSE:RTP - Analyst Report) initiated a deeply-discounted $15.2 billion rights issue as well as a joint venture with BHP Billiton (NYSE:BHP - Analyst Report), walking away from its $19.5 billion Chinalco (NYSE:ACH - Analyst Report) deal


Email

Print

Share

RSS

Rate Pos

Rate Neg

Comment
Read/Post Comments (0) | Recommended this article (1)
 Posting Comment...
There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]
Comments (Limit 1000 Characters - Used: 0)
Display Name: Email Address:  
 Loading Comments...
Be the first to comment on this article!

More Zacks Resources

Market Summary Nov 08, 2009 04:49 am ET
DJIA 10023.42  17.46 0.17%
NASD 2112.44  7.12 0.34%
S&P 500 1069.3  2.67 0.25%
Sponsored Links