Stock Market Briefs: Goldman Sachs, Bank Of America, Alcoa, Microsoft

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Stock Market Briefs: Goldman Sachs, Bank Of America, Alcoa, Microsoft

By Zacks Investment Research on October 1, 2009 | More Posts By Zacks Investment Research | Author's Website

Alcoa (AA) was upgraded to “buy” from “hold” by Deutsche Bank (DB) due to a “more optimistic view of base, bulk and precious metals over the medium-term”
After yesterday’s close, Bank of America (BAC) CEO, Ken Lewis, announced plans to retire. The bank also reported plans to sell its asset-management unit to Ameriprise (AMP) for between $900 and $1.2 billion
Goldman Sachs (GS) received two brokerage upgrades
Comcast (NASDAQ:CMCSA) denied reports of talks with General Electric (GE) over the purchase of a stake in NBC Universal
Cisco Systems (CSCO) initiated a $3 billion cash offer for Norwegian video-conferencing firm Tandberg
Microsoft (MSFT) was removed from Goldman Sachs’ Conviction Buy List, with its “buy” rating maintained and a $30 price target
Constellation Brands (STZ) reported fiscal second quarter results of 45 cents up from estimates of 41 cents equaling last year’s 45 cents

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