Company News for October 14, 2009

• 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 - Analyst Report) reported third quarter earnings of 11 cents a share, ahead of Zacks estimates of 8 cents a share, on revenues of $912 million

Read the full analyst report on WFC

Read the full analyst report on CSCO

Read the full analyst report on JPM

Read the full analyst report on ALTR

Read the full analyst report on PJC

Read the full analyst report on INTC

Read the full analyst report on HST