Company News for February 5, 2010
• Air Products (NYSE:APD - Analyst Report) announced plans to acquire Airgas (NYSE:ARG - Snapshot Report) for $60 per share, or $5.1 billion
• Aetna (NYSE:AET - Analyst Report) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was provided at $2.55-$2.65
• Aon (NYSE:AON - Snapshot Report) topped estimates, posting at 96 cents ex-items versus projections of 81 cents on revenues of $2.1 billion
• Weyerhaeuser (NYSE:WY - Analyst Report) missed estimates, reporting a loss of 52 cents, comparing poorly to estimates of a 38 cent loss, as revenues of $1.28 billion missed estimates of $1.37 billion
• Deutsche Bank (NYSE:DB - Snapshot Report) upgraded Archer Daniels Midland (NYSE:ADM - Analyst Report) to a "buy," with a price target of $35
• FBR upgraded MetLife (NYSE:MET - Analyst Report) to "outperform," with a price target raised to $46 from $43
• KeyBanc (NYSE:KEY - Analyst Report) upgraded Tenneco (NYSE:TEN - Analyst Report) to a "buy," lifting the price target to $27 from $19
• Goldman Sachs (NYSE:GS - Analyst Report) downgraded Coach (NYSE:COH - Analyst Report) and Nordstrom (NYSE:JWN - Analyst Report) to "neutral"
• Janney Montgomery upgraded Best Buy (NYSE:BBY - Analyst Report) to a "buy," taking the price target from $42 to $44
Read the full analyst report on APD
Read the full analyst report on AET
Read the full analyst report on AON
Read the full analyst report on WY
Read the full analyst report on DB
Read the full analyst report on ADM
Read the full analyst report on MET
Read the full analyst report on KEY
Read the full analyst report on TEN
Read the full analyst report on GS
Read the full analyst report on COH
Read the full analyst report on JWN
Read the full analyst report on BBY

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