Mixed Opening
Stocks appeared set to open mixed
Wednesday, the day before
the Thanksgiving holiday.
Lehman Brothers said Flextronics
(
FLEX |
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News |
PowerRating)
is a Focus Stock, identifying that the stock is leading its mid-quarter update.
In addition, Lehman Brothers is
cautious on TriQuint Semiconductor
(
TQNT |
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News |
PowerRating), citing weakness in the optical
business and the wireless turns are lagging behind the company’s projections.
The Semiconductor Equipment
Book-to-Bill for October came in at a ratio of 0.71, beating consensus estimates
of 0.68 according to a survey taken by Briefing.com.
Credit Suisse First Boston said that
the Semiconductor Equipment Book-to-Bill ratio outpaced their estimates of 0.65.
Lehman Brothers initiated coverage on
specialty handbag maker Coach
(
COH |
Quote |
Chart |
News |
PowerRating) with rating of Strong Buy
and a price target of $42.
Jobless claim fell 15,000 to 427,000
for the week of Nov. 17.