Stock Market News Briefs: Alcoa Inc., AT&T Inc., Family Dollar Stores, Inc., Goldman Sachs Group, Inc. (The), KeyCorp, Las Vegas Sands Corp., Meadwestvaco Corporation, MSC Industrial Direct Company, Inc., UBS AG, CA Inc.

Zacks Investment Research
updated | Zacks.com
  •  Family Dollar (NYSE:FDO) posted fiscal second quarter earnings of 81 cents a share, which beat Zacks estimates of 77 cents, on inline revenues of $2.09 billion. The firm said it sees third-quarter earnings of 71 cents to 76 cents a share
  •  MSC Industrial (NYSE:MSM) posted fiscal second quarter earnings of 48 cents a share, one cent above Zacks estimates, on revenues of $395.5 million, above Zacks estimates of $393 million
  •  Hyatt Hotels (H) announced plans to expand into 15 new markets in India over the next five years
  •  AT&T (NYSE:T) said its plans to invest $1 billion to upgrade its networks
  •  FBR Capital warned Alcoa’s (NYSE:AA) upcoming earnings release is unlikely to be a “blowout,” and warned of flat to slightly down second quarter results “consistent with seasonality” revenue factors. FBR kept the price target at $27 and the rating at “market perform”
  •  Business software manufacturer CA (NASDAQ:CA) said it plans to cut about 1,000 jobs and predicted 2010 results at the low end of Street estimates
  •  After a week-long delay, General Motors is expected to release its 2009 results, providing the first complete review of company finances since it emerged from bankruptcy last summer. A conference call is scheduled to be held at 10:00 am
  •  Goldman Sachs (NYSE:GS) upgraded shares of KeyCorp (NYSE:KEY) to “buy” from “neutral,” lifting the price target from $7 to $10
  •  UBS (NYSE:UBS) downgraded shares of Las Vegas Sands (NYSE:LVS) to “neutral” from “buy,” but raised the price target to $24 from $20
  •  Soleil maintained a “buy” rating on MeadWestvaco (NYSE:MWV), and raised the price target from $30 to $32

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