Company News for December 21, 2009

• Pfizer (NYSE:PFE) purchased rights to Athersys' (NASDAQ:ATHX) stem-cell therapy for treatment of inflammatory bowel disease

• Terex (NYSE:TEX) plans to sell its mining business for $1.3 billion in cash to Bucyrus International (NASDAQ:BUCY)

• Sanofi-Aventis (NYSE:SNY) said it agreed to buy Chattem (NASDAQ:CHTT) for $93.50 per share or about $1.9 billion in cash, reflecting a 34% premium to Chattem's Friday's closing price

• Walgreen (NYSE:WAG) announced fiscal first quarter earnings of 52 cents a share, four cents above expectations, on revenues of $16.4 billion, which beat estimates of $16.3 billion. Same-store-sales grew 4.9%

• Piper Jaffray (NYSE:PJC) maintained its "overweight" rating on Cisco Systems (NASDAQ:CSCO), with a price target of $31, up from $28. The analyst noted, "Given our conviction regarding strength in the January quarter, robust forecasting for 1H of 2010 and a compelling valuation, we are highlighting CSCO as our top large-cap pick for 2010"

• ConAgra (NYSE:CAG) reported earnings from continuing operations of 55 cents a share versus estimates of 47 cents on inline revenues of $3.4 billion.  The company lifted 2010 guidance to $1.73 from $1.70

Read the full analyst report on PFE

Read the full analyst report on ATHX

Read the full analyst report on TEX

Read the full analyst report on SNY

Read the full analyst report on CHTT

Read the full analyst report on WAG

Read the full analyst report on PJC

Read the full analyst report on CSCO

Read the full analyst report on CAG