Company News for October 12, 2009

• Blackstone (NYSE:BX - Snapshot Report) announced plans to list up to eight Blackstone-owned firms and sell at least five additional companies

• Barclays (NYSE:BCS - Analyst Report) reported plans to spin off a $6.35 billion portfolio of complex credit assets as it seeks to clean up its balance sheet

• Phillips Electronics (NYSE:PHG - Analyst Report) reported better-than-expected third quarter earnings, helped by cost-cutting measures, although the company said most markets are yet to see recovery

• Deutsche Bank (NYSE:DB - Snapshot Report) lifted Johnson & Johnson's (NYSE:JNJ - Analyst Report) price target to $67 from $63 and maintained its "buy" rating on the stock, as the analyst noted "Ahead of Tuesdays earnings call we are raising our price target to $67 (prior $63) based on improving comparable multiples, new product approvals, stabilization in the global economy, and FX tailwinds all [of] which should add to earnings in 4Q and next year. We expect management will focus on continued healthy trends in its Medical Device & Diagnostic division, which will be the highlight of Tuesday's earnings meeting"

• Goldman Sachs' (NYSE:GS - Analyst Report) removed Johnson Controls (NYSE:JCI - Analyst Report) from its Conviction Sell list in anticipation of optimism after its October 13 analyst day.  Goldman raised its price target on the firm to $20 from $18