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08:30 EDTSTM
theflyonthewall.com: STMicro executive reaffirms Q4 revenue growth, industry recovery, DJ reports
Speaking at the Morgan Stanley Technology, Media and Telecoms Conference in Barcelona, STMicroelectronics NV's (STM) Executive Vice President, Carmelo Papa said, "The industry's recovery is gaining momentum." "The worst of the crisis is behind us... there is a good level of confidence," he said, echoing recent comments from CEO Carlo Bozotti. Papa also confirmed the company still expects Q4 revenue growth between 5% and 12% from Q3, to a range of $2.38B-$2.54B, Dow Jones Reports. "2010 should be much better than 2009," the executive added, noting that the group continues to make cost savings. :theflyonthewall.com



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January 28, 2010
09:00 EDTSTM
theflyonthewall.com: On The Fly: Analysts Upgrade Summary
MOST NOTEWORTHY: Netflix (NFLX), Rockwell Automation (ROK) and Textainer (TGH) were today's noteworthy upgrades: Jefferies upgraded Netflix to Buy from Hold and has a $65 target, citing stronger than expected momentum following the Q4 report and guidance. Merriman upgraded Netflix to Buy from Neutral following the company's better than expected Q4 results as it sees upside in shares to the $66-$75 range. Shares were also upgraded to Buy from Underperform at BofA/Merrill. Citigroup upgraded Rockwell Automation to Hold from Sell following the company's better than expected Q1 results and raised FY10 guidance. Citi raised its target on shares to $52 from $35. Deutsche Bank upgraded Textainer to Buy from Hold to reflect improved container fundamentals and potential fleet growth. The firm keeps a $19 price target on shares...OTHER UPGRADES: STMicroelectronics (STM) was upgraded to Neutral from Underweight at Piper Jaffray. Caterpillar (CAT) was upgraded to Neutral from Sell at UBS. Apache (APA) was upgraded to Outperform from Market Perform at Wells Fargo. :theflyonthewall.com
06:48 EDTSTM
theflyonthewall.com: STMicroelectronics has iPad patent, Bloomberg reports

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06:37 EDTSTM
theflyonthewall.com: STMicroelectronics upgraded to Neutral from Underweight at Piper Jaffray

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