Company News for September 30, 2011 - Corporate Summary
September 30 2011 - 5:10AM
Zacks
• Share prices of commercial insurer Harleysville
Group Inc. (NASDAQ:HGIC) rocketed up 87.06% to $58.96 after
Nationwide Mutual Insurance Co. announced its decision to buy
Harleysville for $1.63 billion
• Analysts at Citi (NYSE:C) downgraded shares of
dialysis-center operator DaVita Inc. (NYSE:DVA) from "Buy" rating
to "Hold" rating
• Shares of Family Dollar Stores Inc. (NYSE:FDO)
dropped 4.35% after shareholder Nelson Peltz officially cancelled
his $7.7 billion offer to buy the retailer
• Semiconductor company Advanced Micro Devices'
(NYSE:AMD) shares plunged 13.66% to close at $5.31 after the
company lowered its guidance for the third quarter
• Shares of retail drugstore chain Rite Aid
(NYSE:RAD) gained 2% after the company said same-store sales have
increased by 1.3% year-over-year for September. However, sales from
front-end same stores dropped 0.5%
• Analysts at Macquarie Shares initiated coverage
on online game developer NetEase.com (NASDAQ:NTES) with an
"Outperform" rating and a target price of $50
• Analysts at Macquarie started coverage on
shares of Perfect World (NASDAQ:PWRD) with a "Neutral" rating and a
target price of $15
• Analysts at Sterne Agee Shares initiated
coverage on financial advisory firm Blackstone (NYSE:BX) with a
"Neutral" rating and a target price of $15
ADV MICRO DEV (AMD): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
DAVITA INC (DVA): Free Stock Analysis Report
FAMILY DOLLAR (FDO): Free Stock Analysis Report
HARLEYSVILLE GP (HGIC): Free Stock Analysis Report
NETEASE.COM-ADR (NTES): Free Stock Analysis Report
PERFECT WORLD (PWRD): Free Stock Analysis Report
RITE AID CORP (RAD): Free Stock Analysis Report
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