Company News for June 16, 2011 - Corporate Summary
June 16 2011 - 4:10AM
Zacks
• Share prices of Scotts Miracle-Gro Company
(NYSE:SMG) dipped 6.02% after the company reduced its earnings
estimate for the fiscal year 2011
• Shares of Owens-Illinois (NYSE:OI) dropped
13.54% to close at $25.54 after the company said its second quarter
earnings figures could fall due to a jump in manufacturing and
delivery expenses
• Johnson & Johnson (NYSE:JNJ) is reportedly
pulling out of the drug-coated heart stent market because of
continually declining sales. The global market for this segment is
valued at $4 billion
• Analysts at Jefferies & Co. initiated
coverage on shares of General Mills, Inc. (NYSE:GIS) with "Hold"
rating and a target price of $40
• Analysts at Jefferies & Co. initiated
coverage on Shares of Kellogg (NYSE:K) with "Underperform" rating
and also lowered the target price of the stock to $47
• Analysts at Auriga downgraded Myriad Genetics
(NASDAQ:MYGN) to "Hold" rating from "Buy" rating, cutting the
target price to $25 from $27
• Analysts at Wedbush downgraded shares of
Ceradyne (NASDAQ:CRDN) to "Neutral" rating from "Outperform"
rating
• Analysts at Wedbush downgraded shares of
AngioDynamics (NASDAQ:ANGO) to an "Underperform" rating
• Wells Fargo upgraded Hospitality Properties
Trust (NYSE:HPT) to "Outperform" rating from "Market Perform"
rating
• Pharma company AVEO Pharmaceuticals, Inc.
(NASDAQ:AVEO) has priced its public offering of 5.75 million shares
at $17.50 per share. This offering is expected to bring in
$100.6 million before expenses, which will be used for general
corporate needs
ANGIODYNAMICS (ANGO): Free Stock Analysis Report
AVEO PHARMACEUT (AVEO): Free Stock Analysis Report
CERADYNE INC (CRDN): Free Stock Analysis Report
GENL MILLS (GIS): Free Stock Analysis Report
HOSPITALITY PRP (HPT): Free Stock Analysis Report
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
KELLOGG CO (K): Free Stock Analysis Report
MYRIAD GENETICS (MYGN): Free Stock Analysis Report
OWENS-ILLINOIS (OI): Free Stock Analysis Report
SCOTTS MIRCL-GR (SMG): Free Stock Analysis Report
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