Stock Market News Briefs: Barclays PLC, Cadbury PLC, Credit Suisse Group, Goldman Sachs Group, Inc. (The), Intrepid Potash, Inc, Kraft Foods Inc., Las Vegas Sands Corp., Morgan Stanley, Motorola, Inc., Potash Corporation Of Saskatchewan Inc., Radioshack Corporation, Brightpoint, Inc., Google Inc., Research In Motion Limited

Zacks Investment Research
updated | Zacks.com

  •  Kraft (NYSE:KFT) announced plans to utilize proceeds from the sale of its Canadian frozen food operations to Nestle for $3.75 billion cash, raising the cash portion of its hostile bid for Cadbury (NYSE:CBY) by 97 cents per share. Cadbury maintained the offer remains derisory

  •  Brightpoint (NASDAQ:CELL) said it sees fourth-quarter non-GAAP earnings of 13-18 cents per share, below estimates of 19 cents. However, the firm expects to continue market share gains in 2010

  •  Google (NASDAQ:GOOG) is hosting a media event for its Android phone, the Nexus One, moving into the smartphone business

  •  Morgan Stanley (NYSE:MS) issued a fresh “buy” rating on Research in Motion (NASDAQ:RIMM), with a $90 price target

  •  Morgan Stanley (NYSE:MS) initiated coverage of Motorola (NYSE:MOT) with an “underweight” rating

  •  Barclays (NYSE:BCS) initiated coverage of Las Vegas Sands (NYSE:LVS) with an “overweight” rating and a price target of $24

  •  Goldman Sachs (NYSE:GS) added Radio Shack (NYSE:RSH) to its Conviction Buy List with a price target increase from $21 to $25

  •  Credit Suisse (NYSE:CS) upgraded Potash (NYSE:POT) to “outperform,” and upgraded Intrepid Potash (NYSE:IPI) to “perform” from “underperform”

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