Down Opening
Stocks appear set to open lower on
Monday, Christmas Eve.
The markets will be trading in an
abbreviated trading session which will close at 1:00 PM.
Thomas Weisel Partners upgraded
Pegasus Solutions
(
PEGS |
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PowerRating) from Market Perform to Attractive and put a price
target of $15 on the lodging stock.
InVision Technologies
(
INVN |
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PowerRating) was
trading higher in pre-market activity on the news that a man on an American
Airlines flight had plastic explosives. INVN develops, manufactures and supports
explosive detection systems based on computed tomography technology.
Beer company Adolph Coors
(
RKY |
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PowerRating)
said it will acquire from Interbrew its Carling business portion of Bass Brewers
for $1.7 billion.
DB Alex Brown downgraded Sepracor
(
SEPR |
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PowerRating)
from Buy to Strong Buy.
Lucent Technologies
(
LU |
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PowerRating) has agreed
to sell its customer care and billing unit to CSG Systems
(
CSGS |
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PowerRating) for $300
million in cash.