Company News for September 23, 2009

• General Mills (NYSE:GIS) reported fiscal first quarter earnings of $1.28 a share, ex-items, beating Zacks estimates of earnings of $1.03 a share, as sales rose 0.6% to $3.52 billion, above Zacks estimates of $3.52 billion. The company also raised its 2010 earnings guidance to $4.40 to $4.45 a share from its prior view of $4.20 to $4.25 a share

• AMR (NYSE:AMR) announced a private offering of $450 million senior secured notes due 2012

• AutoZone (NYSE:AZO) reported fiscal fourth quarter earnings of $4.43 a share versus $3.88 a year ago, a shade below Zacks estimates of $4.45 a share. Sales of $2.23 billion were above prior year's $2.21 billion and above Zacks projections of $2.23 billion

• Goldman Sachs (NYSE:GS) lifted its price target on Walgreen (NYSE:WAG) to $36 while maintaining a "neutral" rating. Analysts lowered the fourth quarter earnings estimate 2 cents to 38 cents a share, with fiscal year estimates at $1.92, holding 2010 projections at $2.30

• Goldman Sachs (NYSE:GS) added Jarden (NYSE:JAH) to its Conviction Buy List with a target price of $42, more than 50% above current levels

Read the full analyst report on GIS

Read the full analyst report on AMR

Read the full analyst report on AZO

Read the full analyst report on GS

Read the full analyst report on WAG

Read the full analyst report on JAH