The Stocks Wall Street Is Watching

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

Communications service company and Dow component
AT&T Corp
.
(
T |
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PowerRating)
has been downgraded by Lehman Brothers to “underweight”
from “equal weight”.

Computer hardware maker Hewlett-Packard
(
HPQ |
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was cited in a Barron’s article as possessing better valuation in comparison to
rival Lexmark.

Home improvement retailer Lowe’s
(
LOW |
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has beat its third-quarter earnings estimates by $0.03 with profits of $0.43 per
share.

Drug maker Bristol Myers
(
BMY |
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Chart |
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PowerRating)
has
received FDA approval for its drug Abilify, which is used to treat schizophrenia.

Software maker Adobe
(
ADBE |
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News |
PowerRating)
has been
downgraded by UBS Warburg to “hold” from “buy” based on valuation.