Most Active Stocks Jan. 26th: Ford Motor, Corning, Citi, LSI, FCX

Ford Motor Company (NYSE:F): Ford (NYSE:F) may report its most profitable year since 1998, thanks to a one-time tax gain, as weakness in Europe and Asia lowered its Q4 earnings, reports Bloomberg. Ford could post 2011 net income over $20B, the result of a gain of about $14B from eliminating a valuation allowance against deferred tax benefits, according to Robert Willens, a corporate tax specialist.

Corning Incorporated (NYSE:GLW): Morgan Stanley downgraded Corning citing the expected impact from price declines. Price target is $12.

Citigroup Inc. (NYSE:C): Citigroup (NYSE:C) said it may further cut its securities and banking unit this year if revenue doesn’t significantly pick up, reports Reuters.

LSI Corporation (NYSE:LSI): ThinkEquity increased its target on LSI after the company provided much stronger than expected Q1 guidance. The firm maintains a Buy rating on the stock.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): On Jan. 20th, Goldman said the copper market remains tight and expects Freeport to continue to generate cash throughout the year. The firm adds that Freeport could announce a special dividend as early as Q2 2012. Shares are Buy rated.

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To contact the reporter on this story: Derek Hoffman at

To contact the editor responsible for this story: Damien Hoffman at