Stocks To Open Lower
Stocks appeared set to open lower
Friday as we remember the attack on Pearl Harbor 60 years ago today.
Goldman Sachs downgraded Allstate Corp
(
ALL |
Quote |
Chart |
News |
PowerRating) from US Recommended for Purchase List to Market Outperform.
ABN Amro upgraded Jack Henry
(
JKHY |
Quote |
Chart |
News |
PowerRating)
from Hold to Buy and put a price target of $30.
Pitney Bowes
(
PBI |
Quote |
Chart |
News |
PowerRating) was downgraded
by Lehman Brothers from Strong Buy to Buy due to current valuation after the
stocks took out the firm’s $41-$42 price target. Lehman now has set a new price
target to $47-$48.
Lehman Brothers downgraded Kerr-McGee
(
KMG |
Quote |
Chart |
News |
PowerRating) from Strong Buy to Buy.
Robertson Stephens upped its estimates
on Advance Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating) to $3.78 billion from $3.71 billion for FY01
and $3.4 billion from $3.15 billion for FY02. The firm also raised its price
target on AMD from $16 to $20.
Lehman Brothers said its sees the
storage networking business stabilizing, but feels the current valuations on
(
EMC |
Quote |
Chart |
News |
PowerRating),
(
NTAP |
Quote |
Chart |
News |
PowerRating),
(
BRCD |
Quote |
Chart |
News |
PowerRating) and
(
MCDTA |
Quote |
Chart |
News |
PowerRating) may be a bit high for both the long
and short term.
Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) signed an
agreement to sell its sub-prime real estate servicing operations to Fairbanks
Capital Corp..
E*Trade
(
ET |
Quote |
Chart |
News |
PowerRating) said it will increase
2002 EPS forecasts to come in between 40-50 cents vs. analyst estimates of 32
cents.
Car maker Daimler Chrysler
(
DCX |
Quote |
Chart |
News |
PowerRating)
announced a recall of 120,000 Jeep Liberty vehicles to fix a brace that may
cause a delay in the deployment of the airbags.
Protein Design Laboratories
(
PDLI |
Quote |
Chart |
News |
PowerRating)
reported positive results in the company’s Phase III clinical trials of its
humanized antibody Zamyl, in patients with acute myeloid leukemia (AML).