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Company News for October 14, 2009

By: Avishek Mishra
October 14, 2009 | Comments: 0
Recommended this article (1)
WFC | CSCO | JPM | ALTR | PJC | INTC | HST
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• Wells Fargo (NYSE:WFC - Analyst Report) initiated coverage of Cisco (NASDAQ:CSCO - Analyst Report) with an "outperform" rating, believing it attractive for a play on an IT spending recovery

• JP Morgan (NYSE:JPM - Analyst Report) reported better-than-expected third quarter earnings of 82 cents a share, up from 9 cents a year ago, and ahead of Zacks estimates of 49 cents a share on strong underwriting revenues

• Altera (NASDAQ:ALTR - Analyst Report) reported inline quarterly earnings of 19 cents a share, down from 31 cents a share a year ago on revenues of $268 million, which missed estimates of $282 million

• Piper Jaffray (NYSE:PJC - Snapshot Report) raised its price target on Intel (NASDAQ:INTC - Analyst Report) to $26 from $21

• Host Hotels (NYSE:HST - Snapshot Report) reported third quarter earnings of 11 cents a share, ahead of Zacks estimates of 8 cents a share, on revenues of $912 million


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