Stock Market News Briefs: American International Group, AMERIGROUP, Deutsche Bank AG, Johnson & Johnson, Monsanto Company, Piper Jaffray Companies, Prudential Financial Inc, Wells Fargo & Company, Blue Coat Systems Inc, OmniVision Technologies
- Royal Dutch Shell (RDSA) announced that it agreed to buy privately held East Resources for $4.7 billion in cash to increase its shale gas exposure in North America
- Prudential (NYSE:PRU) is reportedly trying to renegotiate its previous $35.5 bid for AIG’s (NYSE:AIG) Asian AIA unit, as major shareholder groups reportedly look to cut the offer by much as 15.5% to $30 billion
- Johnson & Johnson (NYSE:JNJ) shares fell 0.2% Thursday, and were the only decliner on the DJIA, after executives told lawmakers its recall of Children’s Tylenol reflected only “remote” concerns of health risks
- Needham upgraded shares of OmniVision (NASDAQ:OVTI) to “strong buy” from “buy”
- Macquarie downgraded Deutsche Bank (NYSE:DB) to “underperform” from “outperform”
- Deutsche Bank (NYSE:DB) upgraded AmeriGroup (NYSE:AGP) to “buy” from “hold,” taking the price target to $42 from $38
- Deutsche Bank (NYSE:DB) maintained its “buy” rating on Monsanto (NYSE:MON), but lowered its target price to $60 from $82
- Piper Jaffray (NYSE:PJC) and Wells Fargo (NYSE:WFC) both downgraded shares of Blue Coat Systems (NASDAQ:BCSI) on expected softening of European demand
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