Company News: Goldman Sachs Upgraded By Merrill, Walgreen Increases Dividend

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Company News: Goldman Sachs Upgraded By Merrill, Walgreen Increases Dividend

By Zacks Investment Research on July 9, 2009 | More Posts By Zacks Investment Research | Author's Website

Chevron (CVX) is the only DJIA component expected to report its earnings today. Analysts expect the company to report second-quarter earnings of $1.27 per share, down from $2.90 a year ago
AIG (AIG) is reportedly in early talks with rival MetLife (MET) to sell its Alico unit, which could bring in as much as $15 billion
Credit Suisse (CS) raised its rating on KB Homes (KBH) to “outperform”
Bank of America/Merrill (BAC) upgraded Goldman Sachs (GS) to “buy,” on expectations of better-than-estimated second quarter earnings, due out next week. Analysts upped the price target from $144 to $175, increasing estimates for 2009 and 2010 as well
Among same-store-sales numbers: Less-worse numbers were posted by Zumiez (ZUMZ), with a 19.3% decline versus estimates of a 20.4% drop. Worse-than-expected results were posted by Limited (LTD) down 12% versus estimates of a 7.9% drop, and Wet Seal (WTSLA) with a 11.1% drop versus estimates of a 8.7% decline
Walgreen (WAG) increased its quarterly dividend 22% to $0.1375
Paccar (PCAR) halved its quarterly dividend payout from 18 cents to 9 cents

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