Weaker Opening
Stocks appeared set to open lower
Friday.
Merrill Lynch upgraded Sicor
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from Accumulate to Near Term Buy.
Banc of America Securities downgraded
AstroPower
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Prudential upgraded Sepracor
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from Sell to Hold, based on the $400 million convertible debt offering.
Morgan Stanley downgraded Jabil
Circuits
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PowerRating) from Outperform to Neutral after an approximate 70% run-up in
the price.
Motorola
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Morgan Stanley form Outperform to Neutral due to valuation.
Retailer Abercrombie & Fitch
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was downgraded by Prudential Securities from Buy to Hol, on concerns of the
company’s women’s line.
Verizon Communications
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Wireless division filed a registration statement with the SEC for a potential
IPO-form common stock.
Ketchup maker H.J. Heinz
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lowered its Q2 outlook to come in between 59 cents to 60 cents a share, citing
the Sept. 11 attack. Consensus was for 66 cents.
Maxim Pharmaceuticals
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Ceplene has shown in pre-clinical trials to protect immune cells usually found in
the liver.