Company News for October 2, 2009

• First Solar (NASDAQ:FSLR - Analyst Report) will be added to the S&P500 to replace Wyeth (NYSE:WYE).

• Bernstein initiated coverage of Bank of America (NYSE:BAC - Analyst Report) at "outperform" with a $25 price target.

• Nokia (NYSE:NOK - Analyst Report) was downgraded at Piper Jaffray (NYSE:PJC - Snapshot Report) with a price target lowered to $14 from $16.

• Costco (NASDAQ:COST - Analyst Report) received an upgrade at Baird with a price target of $65.

• Accenture (NYSE:ACN - Snapshot Report) issued downside first quarter revenue guidance of $5.3- $5.5 billion, off estimates of $5.54 billion. The firm expects fiscal 2010 revenues of between a 3% drop and 1% growth versus estimates for growth of 2% to $21.99 billion. The company forecast full-year earnings of $2.64 to $2.72 a share, off estimates of $2.77. The firm also upped buyback program by $4 billion and hiked the dividend 50% to 75 cents.

Read the full analyst report on FSLR

Read the full analyst report on WYE

Read the full analyst report on BAC

Read the full analyst report on NOK

Read the full analyst report on PJC

Read the full analyst report on COST

Read the full analyst report on ACN