Company News for June 28, 2011 - Corporate Summary

•    Shares of online company Amazon.com, Inc. (NASDAQ:AMZN) gained 4.52% after analysts at Morgan Stanley (NYSE:MS) opined that the company's fourth quarter profits and margins will outperform the Street's expectations

•    Share prices of Icagen, Inc. (NASDAQ:ICGN) zoomed up 163.76% to close at $6.33 after Pfizer Inc. (NYSE:PFE) disclosed that the drug manufacturer is planning to enter into a strategic alliance with Icagen

•    The Board of directors of LDK Solar Co (NYSE:LDK) has authorized the repurchase of up to $110 million of American Depositary Shares 

•    Share prices of Universal Forest Products, Inc. (NASDAQ:UFPI) shed 9.71% after the company said it will initiate a cost-cutting program because of declining sales this year

•    Fitch Ratings downgraded the credit rating of Best Buy Co (NYSE:BBY) due to  lower stores sales and feeble performance compared to its competitors

•    Analysts at Barclays Capital initiated coverage on shares of DreamWorks Animation SKG (NASDAQ:DWA) with an "Underweight" rating, citing falling revenue generation from its DVD business and weak activity in the 3D tech space

•    Analysts at Ticonderoga Securities downgraded Molex Inc. (NASDAQ:MOLX) from "Neutral" rating to "Sell" rating, citing weak economic growth which has reduced the demand for its products

•    Analysts at JMP Securities upgraded real estate investment trust American Capital Agency Corp. (NASDAQ:AGNC) to "Outperform" rating  from "Market Perform" rating

•    Shares of Expeditors International Of Washington, Inc. (NASDAQ:EXPD) were upgraded by analysts at Robert W. Baird to "Outperform" rating with a target price of $60

AMER CAP AGENCY (AGNC): Free Stock Analysis Report

AMAZON.COM INC (AMZN): Free Stock Analysis Report

BEST BUY (BBY): Free Stock Analysis Report

DREAMWORKS ANIM (DWA): Free Stock Analysis Report

EXPEDITORS INTL (EXPD): Free Stock Analysis Report

ICAGEN INC (ICGN): Free Stock Analysis Report

LDK SOLAR CO (LDK): Free Stock Analysis Report

MOLEX INC (MOLX): Free Stock Analysis Report

MORGAN STANLEY (MS): Free Stock Analysis Report

PFIZER INC (PFE): Free Stock Analysis Report

UNIVL FST PRODS (UFPI): Free Stock Analysis Report

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