Author: FX_Trdr

Interxion Holding (INXN) was downgraded by Citigroup (C) from buy to neutral with a price target of $25 as weakness in Europe may lead to diminished growth. Shares are lower by about 4.8 percent.

Caterpillar (CAT) was upgraded by BMO Capital (BMO) to outperform from market perform with a price target of $130, as the worst news appears to be in the past and things should only improve from here. Shares are higher by about 1.1 percent.

In trading on Tuesday, agriculture & farm products shares were relative leaders, up on the day by about 1.5%. Leading the group were shares of Alico (ALCO), up about 7.8% and shares of Westway Group (WWAY) up about 0.1% on the day.

JetBlue Airways (JBLU) announced that it earned $1 million during the fourth quarter, amid costs rising twice as fast as revenue, and Hurricane Sandy reducing sales. On a per share basis, the company broke even, while it earned $23 million, or 8 cents pre share in the same period last year.

From Fnno.com, this is the Financial News Network. Here’s a few things to watch for in the financial world today January 29.

Boston Scientific (NYSE:BSX) looking out for their bottom line as they announce as many as 1,000 job cuts. The heart device maker said the planned change is part of a restructuring program that will save the company an additional $100 million to $115 mil

JB Hunt Transport Services (JBHT) had its numbers raised by Credit Suisse (CS) based on intermodal growth. A neutral rating was issued with a $68 price target.

Stocks are mixed midday on drop in pending home sales and unexpectedly positive durable goods orders for December. These two economic reports showed that while manufacturing may be regaining momentum, lower pending sales of existing homes could indicate uncertainty in the housing sector.

Wabtec Incorporated (WAB) maintained its quarterly dividend of 5 cents per share. The dividend is payable on March 1, 2013 to holders of record on Feb.

The Hershey Company (HSY) had its price target raised by Deutsche Bank (DB) to $72 with a hold rating, as the firm believes that the company deserves a higher premimum to its valuation. Shares are lower by about eight tenths of a percent.