Stocks To Open In The Green
Stocks appear set to open higher
Tuesday.
AFLAC
(
AFL |
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PowerRating) was downgraded by
Deutsche Bank from Buy to Market Perform based on valuation.
UBS Warburg upgraded Robert Half
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RHI |
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PowerRating)
from Buy to Strong Buy on the belief that RHI shares are discounting a “no
visibility” status.
Merrill Lynch downgraded Arrow
Electronics
(
ARW |
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PowerRating) from Neutral/Strong Buy to Near-Term Reduce/Long-Term Buy
based on concerns of the chief executive’s announcement to resign after
yesterday’s close.
Bear Stearns upgraded Fleet Boston
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FBF |
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PowerRating)
from Attractive to Buy, citing the company is showing potential earnings leverage
due to an improvement in commercial credit quality in 2003.
Goldman Sachs downgraded Advent
Software
(
ADVS |
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PowerRating) from Market Outperform to Market Perform, citing macro
challenges the company faces.
Credit Suisse First Boston downgraded
Check Point Software
(
CHKP |
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PowerRating) from Buy to Hold based on views that current
margins are unsustainable.
According to a report in the Wall
Street Journal, a Los Angeles jury awarded City of Hope National Medical Center
$300.1 million in compensatory damages after Genentech
(
DNA |
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PowerRating) withheld
research royalties.
Abbott Laboratories
(
ABT |
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PowerRating) lowered
its guidance for 2002. The adjustment is related to the company’s consent decree
issued by the FDA.
Fact Set
(
FDS |
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PowerRating) reported net
earnings for Q3 of 29 cents a share, beating analysts’ consensus by a penny
according to Multex.