Stronger Opening
Stocks appeared set to open higher
Monday as we head into the Thanksgiving Holiday.
Morgan Stanley downgraded Heidrick
& Struggles
(
HSII |
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PowerRating) from Outperform to Neutral.
Eli Lily
(
LLY |
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PowerRating) said that data on
the experimental drug duloxetine vs. a placebo and paroxetine has shown
significant results in lowering depression.
Computer Science
(
CSI |
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PowerRating) received an
extension in its information tech contract with United Technologies
(
UTX |
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PowerRating).
The extension on the contract is for five years.
Goldman Sachs is bullish on
United Micro
(
UMC |
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PowerRating) seeing the company has a number of catalysts which could
move shares, which include renewal orders of Xylinx
(
XLNX |
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PowerRating) and Advance
Micro Devices
(
AMD |
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PowerRating) and potentially winning the Nvidia
(
NVDA |
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PowerRating) Xbox
graphics processor order.
Needham upgraded Flir Systems
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FLIR |
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PowerRating)
from Buy to Strong Buy after shares fell 24% this month.
Goldman Sachs upgraded Andrx
(
ADRX |
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PowerRating)
from Market Outperform to Trading Buy. In addition, ABN Amro upgraded the company
from Hold to Buy.
Merrill Lynch initiated coverage on
Nvidia
(
NVDA |
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PowerRating) with a Near Term Accumulate, Long Term Buy rating. Merrill
also put a 12-18 month price target of $70 on the company.
Morgan Stanley added retailer
Abercrombie & Fitch
(
ANF |
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PowerRating) to its US Fresh Money Buy List, while removing
Oracle
(
ORCL |
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PowerRating) from the list.
ABN Amro upgraded Lifepoint Hospitals
(
LPNT |
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Chart |
News |
PowerRating) from Hold to Buy on positive fundamentals.
Home improvement retailer Lowe’s
(
LOW |
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PowerRating)
reported earnings for Q3 of 32 cents a share, beating analysts’ estimates by a
penny and outpacing numbers for the same quarter a year ago by 6 cents.