Vale SA (ADR) (NYSE:VALE), was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $15.20 price target on the stock. Morgan Stanley’s price objective indicates a potential upside of 19.59% from the stock’s previous close. Vale SA (ADR) (NYSE:VALE), net profit margin is 4.20% and weekly performance is -2.14%. On last trading day company shares ended up $12.81. Analysts mean target price for the company is $18.13. Vale SA (ADR) (NYSE:VALE), distance from 50-day simple moving average (SMA50) is -5.37%.
Alcoa Inc (NYSE:AA), will pull out of Jamaica within two years and sell its mining interests to Noble Group Ltd, Alcoa and the Jamaican government said. Alcoa Inc (NYSE:AA), advanced 3.64% in last trading session and ended the day on $14.52. AA, Gross Margin is 16.40% and its return on assets is -7.10%. Alcoa Inc (NYSE:AA), quarterly performance is 22.95%.
The regional multi-bank holding company, Regions Financial Corp (NYSE:RF), announced that David Smith is the recipient of Regional Bank Better Life Award of June 2014. The news was publicized from the company’s forum on June 11, 2014. Regions Financial Corp (NYSE:RF), shares moved up 0.94% in last trading session and was closed at $10.71, while trading in range of $10.56 – 10.74. Regions Financial Corp (NYSE:RF), year to date (YTD) performance is 9.06%.
Pfizer Inc. (NYSE:PFE), Chief Financial Officer Frank D’Amelio said the company’s $117 billion bid for AstraZeneca Plc broke down over price. Pfizer Inc. (NYSE:PFE), ended the last trading day at $29.53. Company weekly volatility is calculated as 0.77% and price to cash ratio as 5..55. Pfizer Inc. (NYSE:PFE), showed a positive weekly performance of 0.37%.
As a result of stronger than expected demand for business PCs, Intel Corporation (NASDAQ:INTC), now expects second-quarter revenue to be $13.7 billion, plus or minus $300 million, as compared to the previous range of $13.0 billion, plus or minus $500 million. The company is forecasting the mid-point of the gross margin range to increase by 1 point to 64 percent, plus or minus a couple of percentage points, driven mostly by higher PC unit volume. R&D plus MG&A spending is expected to be approximately $4.9 billion, $100 million higher than the prior expectation of approximately $4.8 billion, driven largely by revenue- and profit-dependent items. The tax rate for the second quarter is expected to be 28 percent as compared to the prior expectation of 27 percent due to higher profits in higher tax jurisdictions. The expectation for second-quarter depreciation remains unchanged. Intel Corporation (NASDAQ:INTC), net profit margin is 18.00% and weekly performance is 6.03%. On last trading day company shares ended up $29.87. Analysts mean target price for the company is $26.92. Intel Corporation (NASDAQ:INTC), distance from 50-day simple moving average (SMA50) is 12.21%.