Flat To Lower Opening
Stocks appear set to open flat
Friday on a worse-than-expected employment report moving the unemployment rate
to its highest in the last five years.
Merrill Lynch upgraded Golden West
Financial
(
GDW |
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PowerRating) from Accumulate to Near-Term Buy.
Computer Science Corp.
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CSC |
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upgraded by Merrill Lynch from Neutral to Accumulate.
Biomarin Pharmaceuticals
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BMRN |
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and Genzyme
(
GENZ |
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3 clinical trials of Aldurazyme.
Morgan Stanley downgraded Computer
Associates
(
CA |
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PowerRating) from Outperform to Neutral.
Merrill Lynch lowered its rating on
Compaq Computers
(
CPQ |
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PowerRating) from Accumulate to Near Term Neutral.
BEA Systems
(
BEAS |
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by Credit Suisse First Boston from Strong Buy to Buy.
Homestore.com
(
HOMS |
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downgraded by ABN AMRO from Add to Hold.
ABN AMRO upgraded Broadcom
(
BRCM |
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PowerRating)
from Hold to Add.
Coffee chain Starbucks
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SBUX |
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PowerRating)
reported that October same-store sales increased 1%. Sales increased 19% to $224
million.
XL Capital Limited
(
XL |
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PowerRating) priced 8
million shares in a secondary offering at $89.00.