- Berkshire Hathaway (BRK-B: 80.03 -0.99 -1.22%) (BRK-A: 120199.00 -1001.00 -0.83%) was given a Buy rating at Goldman Sachs (GS: 133.76 -2.90 -2.12%), which said that the company is leveraged to a cyclical economic recovery, and the stock’s intrinsic value is up around $101.
- Ameriprise Financial (AMP: 35.99 -2.06 -5.41%) was upgraded to Buy from Hold at Citigroup (C: 3.73 -0.27 -6.75%), which said that the company should have no problems integrating the Columbia acquisition. It has a $50 price target.
- Exxon Mobil (XOM: 57.29 -1.18 -2.02%) and Royal Dutch Shell (RDS-B: 49.24 -1.69 -3.32%) may consider BP (BP: 27.67 +0.62 +2.29%) bids, according to JPMorgan (JPM: 37.06 -1.48 -3.84%), after the oil giant lost more than 50% of its market cap since the April 20 oil rig explosion in the Gulf of Mexico. Exxon fell more than 1% to $58 and RDS fell more than 2.5% to $49.63 in early Tuesday trading.
- Walt Disney (DIS: 32.30 -0.92 -2.77%) was upgraded to Buy at Goldman Sachs with a price target of $42. It said thta the media company has a strong film slate and parks pricing seems to be improving.
- Apple (AAPL: 256.17 -12.13 -4.52%) stock fell more than 3.3% to $259.34 in early Tuesday trading despite having its estimates and price target increased at Citigroup, citing higher levels of sales of iPad and iPhone.
- US Bancorp (USB: 22.62 -0.49 -2.12%) was upgraded to Buy from Neutral at UBS (UBS: 13.22 -0.55 -3.99%), which said that the stock price decline has created a buying opportunity. It has a $29 price target.
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