Stocks To Open Lower
Stocks appear set to open lower Friday.
SLM Corp
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Mae) Chief Executive Officer Albert L. Lord has increased his stock ownership in
the company. The CEO has exercised a portion of his stock options which will
increase his stake by 13%, or 562,797 shares.
According to Applied Biosystems
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and Canada-based MDS Inc
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against Waters Corp
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trial. The judge has ordered WAT to pay $47.5 million in the case.
Adaptec
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Officer Robert Schultz announced that he will be leaving the company at the end
of June.
Goldman Sachs downgraded Barnes &
Noble
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SAP AG
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Morgan Stanley from Overweight to Equal Weight, citing management risk. Salomon
Smith Barney also lowered its rating on the company from Outperform to Neutral
and lowered its price target from $40 to $30.
SG Cowen upgraded Biogen
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from Buy to Strong Buy, stating BGEN is one of the best performing biotech
stocks, this on the heels of Merrill Lynch’s reiteration of its Reduce/Sell
rating.
Merrill Lynch upgraded THQ Inc
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from Buy to Strong Buy based on valuation.
Activision
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by Merrill Lynch from Buy to Near Term Neutral based on valuation.
JP Morgan upgraded McAfee.com
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from Market Performer to Long Term Buy and put a new six-month price target of
$20.
Deutsche Securities upgraded IKON
Office
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