Mixed Opening
Stocks appeared set to open mixed
Monday.
Morgan Stanley downgraded Lucent
Technologies
(
LU |
Quote |
Chart |
News |
PowerRating) from Outperform to Neutral based on valuation.
Credit Suisse First Boston upgraded
J.D. Edwards
(
JDEC |
Quote |
Chart |
News |
PowerRating) from Hold to Buy.
Pier 1 Imports
(
PIR |
Quote |
Chart |
News |
PowerRating) raised its
guidance for Q3 and expects earnings to come in between 21 cents and 23 cents a
share.
Lehman Brothers initiated coverage on
Anthem
(
ATH |
Quote |
Chart |
News |
PowerRating) with a Strong Buy and put a price target on the company of $60.
Edison International
(
EIX |
Quote |
Chart |
News |
PowerRating) was
upgraded by Lehman Brothers from Market Perform to Strong Buy. LEH also raised
its price target on the company from $17 to $19.