Lower Opening
Stocks appear set to open lower
Tuesday as the tension in the Middle East rises and weighs down on the markets.
UBS Warburg upgraded Charlotte Russe
(
CHIC |
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Chart |
News |
PowerRating)
from Hold to Buy citing an attractive long-term prospect of growth of its
stores.
Salomon Smith Barney upgraded
Informatica
(
INFA |
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News |
PowerRating) from Outperform to Buy after the stock fell 34%.
The Department of Transportation has
ordered 300 explosive detection machines from Invision Technologies
(
INVN |
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PowerRating).
The order is worth $148.6 million.
Merrill Lynch lowered its rating on
Nucor
(
NUE |
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Chart |
News |
PowerRating) from Neutral to Near Term Reduce/Sell, stating the company’s
premium valuation is excessive compared to 2003 operating margin forecasts.
The FDA has requested more information
from Digene Corp
(
DIGE |
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News |
PowerRating) on the company’s Hybrid Capture DNA test.
Lehman Brothers upgraded Silicon
Valley
Bancorp
(
SIVB |
Quote |
Chart |
News |
PowerRating) from Market Perform to Strong Buy and raised estimates for
2003 to $1.90 from $1.65.
Unilab
(
ULAB |
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PowerRating) has agreed to be
acquired by Quest Diagnostics
(
DGX |
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PowerRating) for approximately $1.1 billion in a
combination cash and stock deal.
UBS Warburg downgraded NetBank
(
NTBK |
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News |
PowerRating)
from Buy to Hold based on valuation.
Credit Suisse First Boston and Goldman
Sachs lowered their rating on PeopleSoft
(
PSFT |
Quote |
Chart |
News |
PowerRating) after disappointing Q1
results.