Company News for March 18, 2010

• Citigroup (NYSE:C) downgraded financial shares from "overweight" to "neutral," warning that early-cycle gains in financial sector shares, up 63% over the past year, may fade heading into the bull market's second year

• After the close yesterday, Nike (NYSE:NKE) reported sharply-higher-than-expected results, helped by higher US and China sales.  The company reported earnings of $1.01 a share, versus Zacks estimates of 89 cents, on revenues of $4.73 billion, a 6.6% increase, and up from Zacks estimates of $4.6 billion

• Winnebago Industries (NYSE:WGO) reported better-than-expected fiscal second quarter earnings of 2 cents, versus Zacks estimates of a 9 cent loss, on revenues of $110.5 million, versus Zacks estimates of 85 million

• Deutsche Bank (NYSE:DB) reiterated its "buy" rating on LSI Corp (NYSE:LSI) and raised its price target to $8

• Goldman Sachs (NYSE:GS) removed Advanced Micro Devices (NYSE:AMD) from the firm's Conviction Sell List, but kept a "sell" rating on the shares; the price target is $5.50

• General Motors' (NYSE:GM) CFO noted a "reasonable chance" of 2010 profitability, the automaker's first profit in five years

• JP Morgan (NYSE:JPM) upgraded Energizer (NYSE:ENR) shares to "overweight"

• Deutsche Bank (NYSE:DB) reiterated its "buy" rating on Conoco Phillips (NYSE:COP) with a price target of $60

• Goldman Sachs (NYSE:GS) upgraded Broadcom (NASDAQ:BRCM) shares to "buy" from "neutral" and raised the price target to $40

• Deutsche Bank (NYSE:DB) upgraded Burger King (NYSE:BKC) to "buy" from "hold"

• Teva Pharmaceutical Industries (NASDAQ:TEVA) bettered Pfizer (NYSE:PFE) bid to acquire Ratiopharm with a $4.78 billion offer

• FedEx (NYSE:FDX) reported third-quarter EPS of 76 cents, beating Zacks projections of 72 cents a share

Read the full analyst report on C

Read the full analyst report on NKE

Read the full analyst report on WGO

Read the full analyst report on DB

Read the full analyst report on LSI

Read the full analyst report on GS

Read the full analyst report on AMD

Read the full analyst report on GM

Read the full analyst report on JPM

Read the full analyst report on ENR

Read the full analyst report on COP

Read the full analyst report on BRCM

Read the full analyst report on BKC

Read the full analyst report on PFE