Stocks To Open Higher
Stocks appeared set to open higher
Wednesday.
Fastenal
(
FAST |
Quote |
Chart |
News |
PowerRating) reported Q1
earnings of 47 cents a share, beating analysts’ estimates by 2 cents according to
a survey taken by Multex.
Wachovia downgraded Wendy’s
(
WEN |
Quote |
Chart |
News |
PowerRating)
from Buy to Market Perform due to valuation.
Merrill Lynch said it believes that
Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating) will meet the firm’s estimates on the belief that CSCO is
executing effectively.
Allergan
(
AGN |
Quote |
Chart |
News |
PowerRating) was upgraded to Buy
from Hold by UBS Warburg based on valuation.
Rite Aid
(
RAD |
Quote |
Chart |
News |
PowerRating) was upgraded by UBS
Warburg from Hold to Buy and raised the firm’s price target on RAD from $3.00 to
$4.50 on positive March sales data.
American
Eagle Outfitters
(
AEOS |
Quote |
Chart |
News |
PowerRating)
was downgraded by Robertson Stephens from Buy to Market Perform after the
company lowered estimates.
According to The Financial Times,
Vivendi Universal
(
V |
Quote |
Chart |
News |
PowerRating) is looking to sell United Cinemas in an effort to
lower debt levels.
Homestore is set to resume trading on
the Nasdaq under the new ticker symbol
(
HOMSE |
Quote |
Chart |
News |
PowerRating).
Isis Pharmaceuticals
(
ISIS |
Quote |
Chart |
News |
PowerRating) said
preliminary analysis of Phase II trials of the company’s ISIS 2503 (antisend
anti-cancer compound) is showing some positive results.
Morgan Stanley downgraded AFLAC
(
AFL |
Quote |
Chart |
News |
PowerRating)
from Overweight to Equal Weight based on valuation.
UBS Warburg lowered its rating on
Research In Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating) from Buy to Hold after the company warned last
night.
Panera Bread
(
PNRA |
Quote |
Chart |
News |
PowerRating) declared a 2-for-1 stock split.