Company News for May 04, 2011 - Corporate Summary
May 04 2011 - 4:10AM
Zacks
• Share prices of Beazer Homes (NYSE:BZH) dropped
more than 5% to end the day at $4.33 after the company reported a
larger-than-expected loss primarily because of lesser orders for
new homes, which shows the continued weakness in the housing
industry
• Pfizer’s (NYSE:PFE) share prices dropped 2.76%
to close at $20.44 after the company lowered its revenue forecast
for the year 2011
• Although Legg Mason Inc's (NYSE:LM)
earnings results were in line with expectations, share prices fell
5.31% after the money manager reported its assets under management
fell 1% to $677.6 billion
• World's largest direct seller of beauty
products Avon Products, Inc's. (NYSE:AVP) share prices gained 4.53%
after it reported that its first quarter profit tripled because of
strong demand in Mexico and Turkey
• UBS upgraded General Motors Corporation
(NYSE:GM) to "Buy" from "Neutral" rating with a target price of $42
up previously from $37
• Analysts at Morgan Keegan initiated coverage on
Linn Energy, LLC (NASDAQ:LINE) with an “Outperform” rating and set
a target price of $45.00 on the stock
• Analysts at Lazard Capital initiated coverage
on OmniVision Technologies, Inc. (NASDAQ:OVTI). with a “Buy” rating
and with a target price of $44.00 on the stock
• Analysts at Bank of America Merrill Lynch
initiated coverage on HudBay Minerals (NYSE:HBM) with a “Buy”
rating and with a target price of $20.00 on the stock
• Analysts at Wunderlich initiated coverage on
HeartWare (NASDAQ:HTWR) with a "Hold” rating and with a target
price of $80.00 on the stock
AVON PRODS INC (AVP): Free Stock Analysis Report
BEAZER HOMES (BZH): Free Stock Analysis Report
HEARTWARE INTL (HTWR): Free Stock Analysis Report
LINN ENERGY LLC (LINE): Free Stock Analysis Report
LEGG MASON INC (LM): Free Stock Analysis Report
OMNIVISION TECH (OVTI): Free Stock Analysis Report
PFIZER INC (PFE): Free Stock Analysis Report
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