Company News: IR, ORN, WYNN, MU, C, AL, GPN, HPY, WFR

• Lower-than-expected demand for residential and commercial security systems in North America led to Ingersoll-Rand Plc (NYSE:IR) reducing its third-quarter and full-year guidance

• Orion Marine Group, Inc (NYSE:ORN) said that it expects its profit margins to be adversely impacted by weak economic conditions and delays in federal government spending

• Concerns about slower Chinese economic growth is expected to affect Wynn Resorts Ltd’s (NASDAQ:WYNN) operations in Macau

• Micron Technology Inc. (NASDAQ:MU) posted adjusted fourth quarter fiscal 2011 loss per share of $0.14, against the Zacks Consensus earnings estimate of $0.01 per share

• Citigroup, Inc. (NYSE:C) initiated coverage on Air Lease Corporation (NYSE:AL) with a “Buy” rating

• Stifel Nicolaus initiated coverage on Global Payments Inc. (NYSE:GPN) with a “Buy” rating

• Stifel Nicolaus initiated coverage on Heartland Payment Systems, Inc. (NYSE:HPY) with a “Hold” rating

• Piper Jaffray initiated coverage on MEMC Electronic Materials Inc. (NYSE:WFR) with a “Neutral” rating.

Global Payments (GPN): Free Stock Analysis Report

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