Company News for April 9, 2010

• Walmart (NYSE:WMT - Analyst Report) announced price cuts on about 10,000 items, mainly food and other staples, in an aggressive campaign to hold onto market gains as a discount leader

• Constellation Brands (NYSE:STZ - Analyst Report) reported estimate-beating results of 27 cents, three cents higher than expected, and up from 21 cents a year ago. Revenues missed estimates, however, coming in at $708.7 million, below estimates of $733.8 million. The firm also announced a $300 million share buyback

• JP Morgan (NYSE:JPM - Analyst Report) downgraded Alcoa (NYSE:AA - Analyst Report) from "overweight" to "neutral" taking the price target from $21.50 to $16.50

• Goldman Sachs (NYSE:GS - Analyst Report) added JC Penney (NYSE:JCP - Analyst Report) to its Conviction Buy List, and lifted its price target to $37 from $32

• Chevron (NYSE:CVX - Analyst Report) provided its interim earnings update, advising its first quarter earnings will improve from fourth quarter 2009 results

• Soleil downgraded MGM Mirage (NYSE:MGM - Analyst Report) from "hold" to "sell," with a price target of $11

Read the full analyst report on WMT

Read the full analyst report on STZ

Read the full analyst report on JPM

Read the full analyst report on AA

Read the full analyst report on GS

Read the full analyst report on JCP

Read the full analyst report on CVX

Read the full analyst report on MGM