Company News for April 15, 2011

•SUPERVALU INC (NYSE:SVU) reported Q4 EPS of $0.44, beating the Zacks Consensus Estimate of $0.35 per share. Revenues for the quarter fell 5.4% year-over-year to $8.70 billion, missing consensus estimates of $8.751 billion

•The Progressive Corp (NYSE:PGR) reported Q1 EPS of $0.55, ahead of the Zacks Consensus Estimate for $0.43 per share

•Argentina based company ARCOS DORADOS HOLDINGS INC (NYSE:ARCO) made its debut on the US markets. Share prices rocketed 29% on its first day of trading. The company is one of the biggest operators of McDonalds with more than 1,700 McDonald’s Corp. (NYSE:MCD) franchises in Latin America

•Analysts at Auriga have started coverage on Broadcom Corporation (NASDAQ: BRCM) with a “Buy” rating and with a target price of $50.00

•Macquarie analysts initiated coverage on shares of Cathay General Bancorp (NASDAQ: CATY) with a “Neutral” rating on the stock

•Jefferies analysts have started coverage on shares of Health Management Associates, Inc. (NYSE: HMA) with a “Buy” rating and a target price of $13.00

•Analysts of Jefferies have begun coverage on shares of LifePoint Hospitals, Inc. (NASDAQ: LPNT) setting a target price of $49.00 with a "Buy" rating

•Keefe, Bruyette & Woods, Inc analysts initiated coverage on shares of Omniamerican Bancorp (NASDAQ: OABC) with a "Market perform” rating on the stock

•Robert W. Baird downgraded Graham Packaging Company Inc (NYSE: GRM) to "Neutral" from an “Outperform” rating with a target price of $22.00

•Deutsche Bank downgraded RenaissanceRe Holdings Ltd. (NYSE: RNR) to "Sell" from “Hold” rating revising the target price of the stock to $65 from $66

•Analysts at Kaufman Brothers downgraded shares of Rural/Metro Corporation (NASDAQ: RURL) to "Hold" from “Buy” rating with a target price of $17.25