24/7 Wall St. Daily Market Roundup
Each day, 24/7 Wall St. editors cover the news, identifying important events and market-moving stories.
The following are the highlights for our Media Digest 08/17/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: The GM IPO is about to be filed.
- Reuters: Several members of the Senate want the FCC to push ahead with its own internet rules and not rely on Google (NASDAQ: GOOG).
- Reuters: AOL (NYSE: AOL) will launch 500 local sites this year.
- Reuters: Nielsen plans a $2 billion IPO.
- New York Times: Retailers are working with Shopkick, an app that helps shoppers find bargains in stores.
- New York Times: Barclays (NYSE: BCS) agreed to pay $298 million for violating US trade law.
- Bloomberg: China is worried about its export dependence.
- Bloomberg: Harvard topped US News rankings.
These are this Tuesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- 3M Co. (NYSE: MMM) Cut to Underweight at JPMorgan.
- Aegon NV (NYSE: AEG) Raised to Buy at S&P Equity Research.
- Agrium Inc. (NYSE: AGU) Raised to Overweight at JPMorgan.
- athenahealth, Inc. (NASDAQ: ATHN) Cut to Neutral at Baird.
- Baker Hughes Inc. (NYSE: BHI) Raised to Positive at Susquehanna.
- Dollar Tree, Inc. (NASDAQ: DLTR) Cut to Underweight at JPMorgan.
- FLIR Systems, Inc. (NASDAQ: FLIR) Reiterated Buy at Needham.
- Honeywell International Inc. (NYSE: HON) Raised to Overweight at JPMorgan.
- Mosaic Co. (NYSE: MOS) Cut to Neutral at JPMorgan.
- Open Text Corporation (NASDAQ: OTEX) Cut to Sector Perform at RBC.
- Target Corp. (NYSE: TGT) Raised to Buy at BofA/Merrill Lynch.