Company News for June 23, 2009

• Steve Jobs returned to official capacity as Apple (NASDAQ:AAPL - Analyst Report) CEO following a medical leave. According to the Wall Street Journal, Jobs underwent a liver transplant during his absence. Apple (NASDAQ:AAPL - Analyst Report) also beat analyst estimates with sales of its iPhone 3Gs topping 1 million over the past weekend

• JP Morgan (NYSE:JPM - Analyst Report) warned a weak market for Boeing's (NYSE:BA - Analyst Report) narrow-body jets may result in further production cuts

• Deutsche Bank (NYSE:DB - Snapshot Report) lowered its rating on CarMax (NYSE:KMX - Analyst Report) to "hold" from "buy," citing its recent price outperformance

• Microsoft (NASDAQ:MSFT - Analyst Report) will release a test version of its free security software today, called Microsoft Security Essentials

• Bank of America (NYSE:BAC - Analyst Report) upgraded Motorola (NYSE:MOT) to "buy" from "neutral" with an increased price target of $9, citing news on fresh product launches

• Goldman Sachs (NYSE:GS - Analyst Report) received a price target increase to $160 from FBR Capital.  The firm raised its second quarter estimate to $2.90 from $2.04, 2009 estimate to $11.39 from $9.85, and 2010 estimate to $13.10 from $11.30

• JP Morgan (NYSE:JPM - Analyst Report) raised its rating on Federal Express (NYSE:FDX - Analyst Report) to "overweight" from "neutral"

• UBS (NYSE:UBS - Snapshot Report) upgraded ConAgra (NYSE:CAG - Analyst Report) to "buy"

• ConocoPhillips (NYSE:COP - Analyst Report) was upgraded by Bernstein analysts to "outperform," citing increasing levels of exploration, which will curtail the need for acquisitions

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