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See the rest of the story here.

Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.

BloggingStocks: Analyst upgrades: Oppenheimer upgraded Momenta Pharmaceuticals (MNTA) to outperform from perform as it finds the stock attractive ahead of FDA's decision on M-enoxaparin. The firm has a $15 price target on the stock. Wells Fargo upgraded ... Read more

BloggingStocks: Analyst upgrades: Barclays upgraded Exxon (XOM) to overweight from equal weight based on a higher production growth outlook. The firm, which raised its target to $92 from $90, expects Exxon to have organic growth of more than 3% in 2010 and an ... Read more

BloggingStocks: Analyst upgrades: Credit Suisse upgraded Sprint Nextel (S) to outperform from neutral and raised its target to $6 from $4. The firm believes Sprint Nextel's core business is turning and that valuation is attractive. Credit Suisse also added ... Read more

In January I predicted (see Notable Bankruptcies of 2009: Q1) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009.[More...]

Lear files Chapter 11 Pressured by the bankruptcies of key customers General Motors (GMGMQ) and Ford Motor Co. (F) as well as heavy debts, Lear Corporation (LEA), one of the largest automotive parts manufacturers in the world filed for Chapter 11 bankruptcy protection on July 7, 2009. Lear was in talks with the lenders and bondholders to convert $3.6 billion of debt into a combination of new[More...]

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open.

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street

Schaeffer's analyst Colleen S. King takes a look at the major news of the day on Wall Street.

Schaeffer's Laura Houser takes a look at activity on the Street after the market close

Schaeffer's Laura Houser takes a look at activity on the Street ahead of the market open