Company News for June 10, 2011 - Corporate Summary

•    On Thursday, 3M Company

said it has concluded an agreement to buy manufacturer of quick cure, aircraft sealants Advanced Chemistry & Technology. The acquisition will enhance and expand 3M's product availability in the aerospace market

•    Evergreen Energy Inc.

said it has completed the formation of its venture with Australian listed mineral resources company WPG Resources. K-Fuel is Evergreen's coal upgrading technology

•    Titan Machinery Inc.

reported Q1 EPS of $0.40, ahead of the Zacks Consensus Estimate of $0.23 per share. Revenues grew 54.9% year-over-year to $318.2 million, easily surpassing the Zacks Consensus Estimate of $245.0 million

•    The J. M. Smucker Company

reported Q4 EPS of $1.00 ex-items, marginally above the Zacks Consensus Estimate of $0.98 per share. Revenue for the quarter grew 11% year-over-year to $1.19 billion, higher than the Zacks Consensus Estimate of $1.155 billion

•    Lazard Capital upgraded Concho Resources Inc.

to “Buy” rating from “Neutral” rating with a target price of $110.00

•    UBS AG

upgraded Elan Corp, plc.

to “Buy” rating from “Neutral” rating with a target price of $12.78

•    Rodman & Renshaw upgraded Hollysys Automation Technologies Ltd

to “Outperform” rating from “Market perform” rating

•    Barclays Capital upgraded Macy's, Inc.

to “Overweight” rating with a target price of $35.00 on the shares of the retailer

•    Argus upgraded The Medicines Company

to “Buy” rating from “Hold” rating with a target price of $25.00

•    Stifel Nicolaus upgraded NASDAQ OMX Group, Inc.

to “Buy” rating from “Hold” rating with a target price of $28.00

•    Shares of BJ's Wholesale Club, Inc.

were downgraded by Barclays Capital to “Equal weight” rating, citing the move as a valuation call

•    Shares of BRF Brasil Foods

were downgraded by Raymond James to “Underperform” rating from a “Market perform” rating

•    Shares of Walt Disney

were downgraded by Davenport to “Neutral” rating from “Buy” rating with a target price of $42.00, down from $50.00

•    Barclays Capital downgraded Hanesbrands

from “Overweight” rating to “Equal weight” rating, citing the move as valuation call