The Stocks Wall Street Is Watching

The following stocks may be
impacted due to significant news as noted:

Computer hardware maker Dell
Computer

(
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has been upgraded by Bank of America to “buy” from
“market perform” with a 12-month price target of $30.

Online retailer Amazon.com
(
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has had its third-quarter earnings expectations raised by Bear
Stearns by 1 cent per share and a new price target of $19.

Biotech company Forrest Labs
(
FRX |
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has raised its earnings guidance, with profits expected to exceed
a previous estimate of $0.57 by 30%.

Electric utilities company
TXU Corp
.
(
TXU |
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has been downgraded by Merrill Lynch to “neutral” from
“buy” with new guidance of $0.20 per share.

Drugmaker Wyeth
(
WYE |
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has been upgraded by Raymond James to “strong buy” from “market perform” due to
a lack of patent expirations and sales growth.

Also in the drug making biz,  Alcon
(
ACL |
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has been downgraded by Bank of America to “buy” from “strong buy”
based on the belief that additional multiple expansion will be difficult in the
near-term.