Company News for August 31, 2010

• Some private investors are reportedly considering an offer for Saks (NYSE:SKS). The offer values the luxury retailer at $1.7 billion, or $11 per share

• Citigroup (NYSE:C) noted Sanofi-Aventis (NYSE:SNY) may bid up to $74-$77 per share for Genzyme (NASDAQ:GENZ)

• Deere (NYSE:DE) plans to sell its wind energy unit to Exelon (NYSE:EXC) for $860 million

• Wells Fargo (NYSE:WFC) upgraded Gap (NYSE:GPS) to "outperform" from "market perform," with a price target range of $20-$22

• Bank of America (NYSE:BAC) upgraded Rio Tinto (NYSE:RTP) shares to "buy" from "neutral"

• Dollar General (NYSE:DG) posted fiscal second quarter earnings of 42 cents, versus expectatiosn of 38 cents, on inline revenues of $3.21 billion. The company said it sees full-year earnings of $1.67 to $1.74

• Piper Jaffray (NYSE:PJC) downgraded VF Corp. (NYSE:VFC) from "overweight" to "neutral," dropping the price target from $89 to $79

Read the full analyst report on SKS

Read the full analyst report on C

Read the full analyst report on SNY

Read the full analyst report on GENZ

Read the full analyst report on DE

Read the full analyst report on EXC

Read the full analyst report on WFC

Read the full analyst report on GPS

Read the full analyst report on BAC

Read the full analyst report on RTP

Read the full analyst report on DG

Read the full analyst report on PJC

Read the full analyst report on VFC