News Buzz: Hewlett-Packard Company, Terex Corporation, Chesapeake Energy Corporation, Micron Technology

Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- vb-news.net, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Hewlett-Packard Company (NYSE:HPQ) shares gained 0.06% to $16.90 in the early hour. Equities research analysts at RBC Capital upped their price target on shares of Hewlett-Packard from $14.00 to $16.00 in a research note issued to investors on Feb. 19. The firm currently has a “sector perform” rating on the stock. Additionally, analysts at Topeka Capital Markets reiterated a “sell” rating on shares of Hewlett-Packard in a research note to investors this month. They now have a $11.50 price target on the stock.

How Should Investors Trade HPQ After The Solid Jump? Let’s Find Out Here

Terex Corporation (NYSE:TEX) stock dropped 0.32% to $34.80 after the company yesterday reported a net loss for the fourth quarter of $33.3 million or $0.30 per share, compared to a net loss of $2.9 million or $0.03 per share for the year-ago quarter. Loss from continuing operations for the fourth quarter was $30.7 million or $0.28 per share. Adjusted income from continuing operations was $21.9 million or $0.19 per share. Net sales for the fourth quarter fell 13.3% to $1.70 billion from $1.96 billion a year ago. Analysts expected the company to earn $0.40 per share on revenue of $1.83 billion for the fourth quarter.

Is FCX Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

Chesapeake Energy Corporation (NYSE:CHK) shares climbed 1.13% to $20.59 in the early hour after the company today announced that its Board of Directors has received the results of its previously announced review of the financing arrangements between co-founder, Chief Executive Officer and President, Aubrey K. McClendon (and the entities through which he participates in the Founder Well Participation Program (“FWPP”)) and third parties identified as having a financial relationship with the company, as well as other matters.

Is CHK Buy After The Recent Price Movement? Find Out Here

Micron Technology, Inc. (NASDAQ:MU) shares gained 0.03% to $8.12. The company today announced that the Chinese Ministry of Commerce has given antitrust clearance for Micron's previously announced proposed acquisition of Elpida. China's approval was the last remaining antitrust pre-merger clearance required for completion of the transaction.

Additionally, Sanford C. Bernstein reaffirmed their outperform rating on shares of Micron Technology in a report issued on Feb. 19. They currently have a $9.00 target price on the stock.

Is MU a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here

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