Stronger Opening On Triple Witch
Stocks appeared set to open higher on
the last Triple Witching Friday of the year.
The futures markets were edging higher
early in the morning (6:30 AM EST) in anticipation of key economic numbers due
out at 10:00 AM EST.
Cirrus Logic
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reaffirmed guidance for the quarter ending in December. The semiconductor
company sees revenues coming in “at or slightly above” the high end of
its guidance which was issued back in October.
Credit Suisse First Boston is positive
on Liberate Technologies
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PowerRating) after the company beat Q2 expectations.
CSFB maintains its Buy rating on the company.
CSFB is also positive on Manugistics
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seeing the company’s pipeline is strengthening. CSFB raised its Q4 revenues and
EPS estimates to $73.6 million or 6 cents a share.
Honeywell International
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PowerRating)
reaffirmed its Q4 outlook of 54 cents to 56 cents a share. Analysts’ consensus
is for 55 cents a share.
Merrill Lynch upgraded Cognos Inc
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PowerRating)
from Buy to Long Term Strong Buy.
Salomon Smith Barney is positive on
Symantec
(
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PowerRating) as it sees fundamentals improving. The firm raised its
price target for SYMC from $65 to $70.
Panera Bread
(
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PowerRating) reported an
increase of 5.7% for November same store sales.
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