Company News: PGN, CPB, CODI, BRCD, MOLX, CREE, HRL, PWER, CAB, MXWL, TCB, TEL

• Progress Energy (NYSE:PGN) reported Q4 EPS of $0.45, ahead of the Zacks Consensus estimate of $0.43 per share

• Campbell Soup Co.’s (NYSE:CPB) shares declined 3.9% after the soup maker trimmed its 2011 outlook

• Compass Diversified Holdings’s (NYSE:CODI) shares fell 7.2% a day after the investment firm said its CEO would take a leave of absence

• Brocade Communications Systems (NASDAQ:BRCD) was upgraded to Buy from Hold by Think Equity

• Jefferies initiated coverage on Cree (NASDAQ:CREE) with a Buy rating

• Soleil upgraded Hormel Foods (NYSE:HRL) to Hold from Sell

• Deutsche Bank initiated coverage on Molex (NASDAQ:MOLX) with a Buy rating

• Jefferies initiated coverage on Power-One (NASDAQ:PWER) with a Buy rating

• Stifel Nicolaus downgraded Cabela’s (NYSE:CAB) to Hold from Buy

• Stifel Nicolaus downgraded Maxwell Technologies (NASDAQ:MXWL) to Hold from Buy

• Stifel Nicolaus downgraded TCF Financial (NYSE:TCB) to Hold from Buy

• Deutsche Bank initiated coverage on Tyco Electronics (NYSE:TEL) with a Hold rating

MOLEX INC (MOLX): Free Stock Analysis Report
POWER-ONE INC (PWER): Free Stock Analysis Report

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