Earnings

These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Tuesday. Abbott Laboratories (NYSE: ABT) cut to Market Perform at Leerink Swann. Alcoa Inc. (NYSE: AA) cut to Hold at Jefferies. AllianceBernstein Holding L.P. (NYSE: AB) reiterated...

FedEx Corp. (NYSE: FDX) this morning reported first fiscal quarter earnings per share (EPS) of $1.45 on revenue of $10.79 billion. In the same period a year ago, the company reported EPS of $1.46 on revenue of $10.52 billion. First-quarter results compare to the Thomson Reuters consensus...

Key research changes have been made in the last few days over at Bank of America/Merrill Lynch's research coverage. The firm published its 2013 target for an S&P 500 Index target of 1,600 last week, but the caution was made that equities were already fully valued for 2012. Now today came some...

Oil refiners have been hit today with a double dose of bad news. Over the past three months, stocks in refiners are up from 26% to 78% as the companies have managed to keep product prices from falling too fast and maintained margins even as crude prices started to rise. Valero Energy Corp. (NYSE:...

Apparently the business of IT-outsourcing to India has already hit its trough. The firm is upgrading shares of Infosys Ltd. (NASDAQ: INFY) after its shares have underperformed the broader market by 20%. In the local market trading (rather than the ADRs), BofA is calling for 20% upside and raised...

Solar panel maker LDK Solar Co. Ltd. (NYSE: LDK) this morning reported a second-quarter net loss of $2.00 per American depository share (ADS) on revenue of $235.4 million. In the same period a year ago, the company reported a loss of $0.62 per ADS on revenue of $499.4 million. Second-quarter...

Bloomin' Brands Inc. (NASDAQ: BLMN) is public again after a private equity-led initial public offering. This is the former Outback Steakhouse parent. The analysts' quiet period has ended and the ratings are very strong from just about every underwriter. The company operates restaurants under the...