24/7 Wall St. Daily Market Roundup
Every morning, 24/7 Wall St. editors cover the news, identifying important events and market-moving stories.
The following are the highlights for our Media Digest 09/14/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: American International Group (NYSE: AIG) is at work on a plan to repay its government aid.
- Reuters: The yen hit a new 15-year high.
- Reuters: Microsoft’s (NASDAQ: MSFT) new Halo game hopes to drive video game sales.
- Reuters: China’s top online video sites have prepared for IPOs.
- New York Times: The latest trend in printing is 3D.
- New York Times: Authors of medical articles still have undisclosed ties to medical companies.
- New York Times: The IMF says governments must focus on jobs
- New York Times: There is still work to be done for the creation of bank regulation.
- Bloomberg: Bernanke’s 2011 predictions may decide whether the Fed buys bonds.
- Bloomberg: Microsoft (NASDAQ: MSFT) will set a debt issue for dividends and share buybacks.
These are this Tuesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- Central European Distribution Corp. (NASDAQ: CEDC) Started as Buy at Citigroup.
- ExxonMobil Corp. (NYSE: XOM) Cut to Sector Perform and $70 target at RBC (third cut in two days).
- Gordmans Stores, Inc. (NASDAQ: GMAN) Started as Outperform at Baird; Started as Buy at Stifel Nicolaus; Started as Outperform at Wells Fargo.
- Research In Motion Limited (NASDAQ: RIMM) Cut target to $90 at TD.
- Sanmina-SCI Corp. (NASDAQ: SANM) Reiterated Buy at Needham.
- Skilled Healthcare Group, Inc. (NYSE: SKH) Cut to Hold at Jefferies.
- Teradyne Inc. (NYSE: TER) Cut to Perform at Oppenheimer.
- Varian Semiconductor Equipment Associates Inc. (NASDAQ: VSEA) Started as Overweight at JPMorgan.
- Verigy, Ltd. (NASDAQ: VRGY) Cut to Underperform at Oppenheimer.