• Share prices of ConocoPhillips (NYSE:COP) increased 1.63% after the board of directors authorized the division of the energy company into two publicly traded firms

• Maker of chips for mobiles, PC’s and automobiles Fairchild Semiconductor’s (NYSE:FCS) shares gained 2.85% to close at $16.59 after the company released an optimistic outlook for the fiscal

• Analysts at Wedbush upgraded NutriSystem Inc. (NASDAQ:NTRI) from “Neutral” rating to an “Outperform” rating with a target price of $19 on its stock. Following this upgrade, the shares gained 5.44% to close at $15.11

• U.S. listed shares of Lloyds Banking Group PLC (NYSE:LYG) gained momentum in the day’s trade after Goldman Sachs (NYSE:GS) added the London bank to its conviction “Buy” list citing the bank has little exposure in the ongoing European debt crisis and its shares are attractively priced

• Late on Wednesday, supplier of satellite-control products Frequency Electronics, Inc. (NASDAQ:FEIM) forecasted robust revenue growth for the fiscal 2011

• According to a report by Bloomberg, Bank of America Corp (NYSE:BAC) has made an initial offer to bond insurers MBIA Inc. (NYSE:MBI) in an attempt to settle a legal dispute related to defective mortgages

• Share prices of pipeline company Southern Union Company (NYSE:SUG) increased 4.37% after Williams Cos. (NYSE:WMB) raised its offer for the company, beating Energy Transfer Equity, L.P.’s (NYSE:ETE) bid of $5 million

• Shares of Marriott International Inc. (NYSE:MAR) lost 6.60% a day after the largest publicly traded U.S. hotel-chain operator released its third-quarter earnings forecast that came in below expectations

• Analysts at Goldman Sachs (NYSE:GS) has lowered its rating on the shares of RTI International Metals (NYSE:RTI) to “Sell” rating from “Neutral” rating and slashed the target price from $40 to $31.

LLOYDS BANK GRP (LYG): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.


Be the first to comment

Leave a Reply

Your email address will not be published.