Stocks Slated To Open Higher

September 26, 2001
Greg Che

Stocks appeared set to open higher Wednesday.

UBS Warburg upgraded Charter
Communications
(
CHTR |
Quote |
Chart |
News |
PowerRating) from Buy to Strong Buy, stating that the recent price
drop is overdone.

According to a Wall Street Journal
report, Lucent Technologies
(
LU |
Quote |
Chart |
News |
PowerRating) has put the Octel unit up for sale. Lucent
acquired Octel, a voice messaging company, back in 1997.

The Bush Administration is
contemplating a corporate tax cut which would be a key factor in stimulating the
economy. The current tax rate is 35% and may be cut to 30%, based on a report in
the Wall Street Journal.

Goldman Sachs upgraded Bed Bath &
Beyond
(
BBBY |
Quote |
Chart |
News |
PowerRating) to Recommended List from Market Outperform.

Impath
(
IMPH |
Quote |
Chart |
News |
PowerRating) said that the Sept. 11 attacks have
affected Q3 revenues. The company now expects revenues
to come in between $1.5-$2 million with earnings between 3-4 cents a share.
According to Multex, consensus was for the company to earn 27 cents a share.

Lehman Brothers initiated coverage on
Tekelec
(
TKLC |
Quote |
Chart |
News |
PowerRating) with a Strong Buy and put a price target of $20 a share on
the company.

Bear Stearns downgraded Micron
Technologies
(
MU |
Quote |
Chart |
News |
PowerRating) from Buy to Attractive.

Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) was downgraded
to Hold from Buy, by UBS Warburg.

Textron
(
TXT |
Quote |
Chart |
News |
PowerRating) warned for Q3 as it
sees a loss of 25 cents a share. Consensus estimates according to Multex was for
a profit of 71 cents.

Stocks Slated To Open Higher

BUY THE FEAR, SELL THE GREED

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