Company News for June 08, 2011 - Corporate Summary
June 08 2011 - 5:10AM
Zacks
• International Paper Company (NYSE:IP) offered
to buy Temple-Inland (NYSE:TIN) in a deal worth $3.38 billion.
Reacting to this development, share prices of Temple-Inland rose
40.36% to close at $29.49
• Share prices of Skyworks Solutions, Inc.
(NASDAQ:SWKS) increased 7.74% after the chipmaker reaffirmed its
guidance
• Clothing maker G-III Apparel Group, Ltd.
(NASDAQ:GIII) reported its first quarter earnings results. The
company posted losses against analysts’ expectations of a
profit
• Share prices of Seismic-data equipment Mitcham
Industries, Inc. (NASDAQ:MIND) rose 5.04% after the company
reported first quarter revenues that came in above analysts’
expectation
• Oil and gas giant Sunoco, Inc.'s (NYSE:SUN)
shares rose 4.01% after Morgan Stanley (NYSE:MS) increased the
target price and profit estimates of the company. Morgan Stanley
also reiterated a "Overweight" rating on the shares of Sunoco
• Share prices of Pep Boys — Manny, Moe &
Jack (NYSE:PBY) fell 17.04% a day after the company reported its
first quarter earnings results that came in below analysts’
expectations
• Citigroup (NYSE:C) downgraded shares of Iron
Mountain Incorporated (NYSE:IRM) from "Buy" rating to "Hold"
rating
• Analysts at RBC Capital downgraded shares of
ManTech (NASDAQ:MANT) from "Sector Perform" to "Underperform"
rating
• Analysts at Needham downgraded shares of
QuinStreet Inc (NASDAQ:QNST) from "Strong Buy" to "Buy" rating also
lowering the target price from from $26 to $24
• Analysts at Credit Suisse downgraded shares of
French appetite giant TOTAL S.A. (NYSE:TOT) from "Neutral" to
"Underperform" rating
CITIGROUP INC (C): Free Stock Analysis Report
G-III APPAREL (GIII): Free Stock Analysis Report
INTL PAPER (IP): Free Stock Analysis Report
IRON MOUNTAIN (IRM): Free Stock Analysis Report
MANTECH INTL -A (MANT): Free Stock Analysis Report
MITCHAM INDS (MIND): Free Stock Analysis Report
MORGAN STANLEY (MS): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
QUINSTREET INC (QNST): Free Stock Analysis Report
SUNOCO INC (SUN): Free Stock Analysis Report
SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report
TEMPLE-INLAND (TIN): Free Stock Analysis Report
TOTAL FINA SA (TOT): Free Stock Analysis Report
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