Company News: BAC, DELL, CLWR, BX, OVTI, C, REGN, JEF, BLK, WDR, BRCM

• According to reports, Bank of America Corporation (NYSE:BAC) has planned to sell at least half of its 10% stake in China Construction Bank

• Dell Inc. (NASDAQ:DELL) announced the finalization of its acquisition of Force10 Networks, and Dell expects the purchase to be accretive to the earnings in next year’s second half

• A Bloomberg report stated that Clearwire Corporation (NASDAQ:CLWR) is in talks with The Blackstone Group (NYSE:BX) about restructuring options

• OmniVision Technologies Inc.’s (NASDAQ:OVTI) fourth quarter earnings of $0.57 per share beat the Zacks Consensus Estimate by a penny, or 1.8%

• Citigroup, Inc. (NYSE:C) downgraded Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) to “Hold” from a “Buy” rating

• Jefferies Group Inc. (NYSE:JEF) initiated coverage on BlackRock, Inc. (NYSE:BLK) with a “Hold” rating

• Jefferies initiated coverage on Waddell & Reed Financial Inc. (NYSE:WDR) with a “Buy” rating

• Think Equity initiated coverage on Broadcom Corp. (NASDAQ:BRCM) with a “Buy” rating.

BLACKROCK INC (BLK): 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.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*