Company News for October 9, 2009

• Wynn (NASDAQ:WYNN - Snapshot Report) IPO, representing a 25% stake in Wynn's Macau operations, priced its $1.6 billion listing at the high end of the projected range

• Deutsche Bank (NYSE:DB - Snapshot Report) raised its price targets on numerous applications software firms, noting positive signs for the second half. Included in this group were: Adobe (NASDAQ:ADBE - Analyst Report) with its target lifted to $22 from $20; Oracle (NASDAQ:ORCL - Snapshot Report) hiked to $44 from $40; and Salesforce.com (NYSE:CRM - Analyst Report) raised to $80 from $65

• Bristol-Myers-Squibb (NYSE:BMY - Analyst Report) coverage was initiated by Wells Fargo (NYSE:WFC - Analyst Report) with "outperform," rating noting that, "strategic repositioning ahead of patent cliff, new product flow between 2009-2012, broadening R&D portfolio through selective risk-sharing, and high dividend yield underlie our positive thesis"

• Wells Fargo (NYSE:WFC - Analyst Report) initiated coverage of Eli Lilly (NYSE:LLY - Analyst Report) with "market perform," and with a $33-$35 valuation, noting concerns over a "steep and lengthy patent cliff and recent clinical setbacks."  The firm cautioned its Alzheimer's program and the Imclone pipeline "do not come soon enough to mitigate the patent cliff"

• Bassett Furniture (NASDAQ:BSET - Snapshot Report) reported a third quarter loss of 30 cents versus last year's 23 cent loss on revenue of $57.7 million versus $70.2 million a year ago

• Infosys Technologies (NASDAQ:INFY - Analyst Report) reported better-than-expected second quarter results of 56 cents, beating consensus estimates of 50 cents, on revenue of $1.15 billion which was in line with estimates. The firm raised its earnings expectations for 2009 due to clients' growing outsourcing demand and stable pricing