Company News for September 24, 2009

• Red Hat (NYSE:RHT - Snapshot Report) reported fiscal second quarter results of 20 cents a share, compared with Zacks estimates of 11 cents a share, on revenues of $183.6 million, versus estimates of $179.0 million

• Deutsche Bank (NYSE:DB - Snapshot Report) cut AutoZone (NYSE:AZO - Analyst Report) price target to $150 from $175 but maintained its “hold” rating on the stock

• Reports say modifications on the Boeing (NYSE:BA - Analyst Report) 787 Dreamliner test plane suggest the first flight is possible by late October or early November

• The corporate head of Microsoft's (NASDAQ:MSFT - Analyst Report) Game Studios division ruled out plans to acquire video game publisher Electronics Arts (NASDAQ:ERTS - Snapshot Report)

• Abbott Laboratories (NYSE:ABT - Analyst Report) has offered to buy the drug unit of Belgian's conglomerate Solvay SA

• Deutsche Bank (NYSE:DB - Snapshot Report) raised its price target for HB Fuller (NYSE:FUL - Snapshot Report) to $23 from $18, while maintaining its "hold" rating

• Goldman Sachs (NYSE:GS - Analyst Report) raised its price target on Buffalo Wild Wings (NASDAQ:BWLD - Analyst Report) to $46

• Nintendo lowered its Wii price by 20% to $199.99 in the US after meeting increased competition from Microsoft (NASDAQ:MSFT - Analyst Report) and Sony (NYSE:SNE - Analyst Report)

• Palm (NASDAQ:PALM - Snapshot Report) said an offering of 20 million shares of its common stock was priced at $16.25 apiece, a 5% discount to Tuesday's closing price

• BlackRock (NYSE:BLK - Snapshot Report) shares rose 1.4% Wednesday on a Deutsche Bank (NYSE:DB - Snapshot Report) recommendation

• Cisco (NASDAQ:CSCO - Analyst Report) shares fell 2.6% on failure to offer current quarter guidance and comments made by CEO Chambers that "it looks like a gradual recovery," but also warning of a risk that the economy could still retreat