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.
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.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org