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Goldman Sachs Comments on Breaking Up of Johnson & Johnson
Thursday, May 31, 2012 - 6:37amGoldman Sachs has published a research report on Johnson & Johnson (NYSE: JNJ) commenting on the company's break up and new CEO Alex Gorsky. In the report, Goldman Sachs writes, "There are several strategies through which we think new CEO Alex Gorsky can generate higher returns for JNJ;...
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Wednesday, May 30, 2012 - 10:50am
Benzinga's Morning Upgrade Summary for May 30, 2012
Listed below are today's Top Upgrades at Benzinga: Desjardins Capital Markets Upgrades CGI Group (NYSE: GIB) to Buy: Desjardins went on to say “Given the outlook for CGI is more positive for 2H FY12 and FY13, in contrast to its business performance through the latter half of FY11 and 1H FY12, we...
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UPDATE: Goldman Sachs Lowers PT to $13 on Research in Motion on Weaker Shipment Trajectory
Wednesday, May 30, 2012 - 10:23amGoldman Sachs reiterates its Neutral rating on Research in Motion (NASDAQ: RIMM) and reduces its price target from $14 to $13. Goldman Sachs notes, "RIM's negative operating profit expectation is a disappointment even relative to our below-consensus estimates. We hadn't modeled negative operating...
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UPDATE: Goldman Sachs Upgrades Wynn Resorts Limited
Wednesday, May 30, 2012 - 9:14amAccording to a research report published this morning, Goldman Sachs has upgraded Wynn Resorts Limited (NASDAQ: WYNN) from Neutral to Buy. In the report, Goldman Sachs said, "Wynn shares have underperformed as controversies around Macau market growth, Okada litigation and Cotai development have...
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Tuesday, May 29, 2012 - 11:43am
Sanderson Farms Squawks Tasty Earnings
Poultry-processor Sanderson Farms (NASDAQ: SAFM) has given the meat-eating world something to chew on as the company's second quarter earnings were more than applaud-worthy. In not so great news for feathered friends, the chicken industry is on the up and up, quickly becoming the most significant...
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Goldman Sachs Reiterates Buy on Sanderson Farms on Quarterly Beat
Tuesday, May 29, 2012 - 11:37amGoldman Sachs remains Buy-rated on Sanderson Farms (NASDAQ: SAFM) as the company posts better-than-expected quarterly results. Goldman Sachs notes, "SAFM (CL-Buy) reported 2QFY12 (April end) EPS of $1.04, modestly below our $1.15, but above the $0.95 consensus. On the EBIT line results were...
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Tuesday, May 29, 2012 - 10:24am
Benzinga's Morning Upgrade Summary for May 29, 2012
Listed below are today's Top Upgrades at Benzinga: Wedbush Securities Upgrades Jack in the Box (NASDAQ: JACK) to Neutral: Wedbush said, "We are raising JACK to NEUTRAL from UNDERPERFORM. We believe JACK is positioned to benefit from a recent easing in industry-wide price-centric competition, as...
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UPDATE: Goldman Sachs Raises PT to $52 on HJ Heinz Company as Earnings Risk Falls on Lower Guidance
Tuesday, May 29, 2012 - 10:09amGoldman Sachs reiterates its Sell rating on HJ Heinz Company (NYSE: HNZ) but raises its price target from $51 to $52. Goldman Sachs says, "We came away from the meeting encouraged that management is acknowledging issues in North America. That said, we believe weakness is more widespread than...
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Goldman Sachs' Take on Hardware, No Siri for IBM Employees
Tuesday, May 29, 2012 - 9:48amIn a research report published today by Goldman Sachs, employees at IBM (NYSE: IBM) are required to disable Apple's (NASDAQ: AAPL) Siri application in an effort to make sure information is not recorded. According to Goldman Sachs, "IBM Chief Information Officer Jeanette Horan gave an interview to...
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UPDATE: Goldman Sachs Raises salesforce.com's PT
Tuesday, May 29, 2012 - 8:57amAccording to a research report published this morning, Goldman Sachs has increased salesforce.com's (NYSE: CRM) PT from $170 to $190. Goldman Sachs said in the report, "We continue to view CRM as a core growth holding, driven by its dominant market positioning in both existing and emerging SaaS...
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