The Stocks Wall Street Is Watching

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

Internet infrastructure giant Cisco Systems
(
CSCO |
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PowerRating)

has been downgraded by UBS Warburg to “hold” from “buy” based on valuation.

Drug maker Forest Labs
(
FRX |
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has had its
estimates raised by Morgan Stanley wit a new price target of $124 vs. previous
estimates of $117.

Deutsche Bank has taken a shot at the following with
downgrades to “hold” from “buy”: Lehman Brothers
(
LEH |
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PowerRating)
First
Health

(
FHCC |
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  CIT Group
(
CIT |
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.

Communications services company UTStarcom
(
UTSI |
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has been downgraded by UBS Warburg to “sell” from “buy”.

Pre-market action:


(
DFIB |
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PowerRating)
+14.5%,
(
CORV |
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+13%,
(
TKCI |
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+12%,
(
ATML |
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+10%,
(
VTSS |
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+9%,
(
NVDA |
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+5%,
(
BRCD |
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+3%,
(
CSCO |
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+1.5%, …


(
SNDK |
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-6%,
(
UTSI |
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-5%,
(
BEBE |
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-5%,
(
CSGS |
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-4%.