Huntsman (HUN) Merger deal falls apart. Drops to $2.82 from 52-week high of $25.74. Nortel Networks (NT) As company fights debt problems, Moody's lowers earnings. Sells down to $.32 from 52-week high of $16.17. Eastman Kodak (EK) After saying business was weakening, Moody's may downgrade shares. Dips to $5.97 from 52-week high of $22.74 RC2 (RCRC) Stock upgraded, shares drop to $5.65 from 52-week high of $29.79. Douglas A. McIntyre
Oppenheimer upgraded Genzyme (NASDAQ: GENZ) to Outperform from Perform on expectations that upcoming regulatory events, mainly approvals of Mozobil and 2,000L Myozyme, will serve as positive catalysts.
Ladenburg analyst Dick Bove raised Bank of New York (NYSE: BK) to Buy from Neutral as he now believes the Russian lawsuit is turning in the bank's favor and is no longer a significant risk.
Societe Generale upgraded UBS (NYSE: UBS) to Buy from Hold on valuation and the company's deal with the Swiss government.
Bed Bath & Beyond (NASDAQ :BBBY) was upgraded to Market Perform from Underperform at Friedman Billings.
RC2 Corp (NASDAQ: RCRC) was lifted at Wachovia to Outperform from Market Perform.
Cintas (NASDAQ: CTAS) was upgraded to Hold from Sell at Citigroup.
We are upgrading Priceline.com's (PCLN) shares from Hold to Buy. The strength in Priceline.com's international business and operating expense controls continue to produce impressive operating leverage. For some time, Priceline.com has been producing growt
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MOST NOTEWORTHY: Puget Energy, RC2 Corp and Marvel Entertainment were today's noteworthy upgrades:
Baird upgraded Puget Energy (NYSE: PSD) to Outperform from Neutral citing valuation on a stand-alone basis and sees additional upside if the merger with Macquarie is approved this fall.
Piper upgraded shares of RC2 Corp (NASDAQ: RCRC) to Buy from Neutral following the Children's Publishing Division acquisition as they view it as a good strategic fit and find RCRC shares attractively valued.
RBC upgraded Marvel Entertainment (NYSE: MVL) shares to Outperform from Sector Perform to reflect the company's visible earnings growth and valuation.
OTHER UPGRADES:
ASML Holdings (NASDAQ: ASML) was raised to Buy from Neutral at Goldman. The firm also added shares to the Conviction Buy List.
Invitrogen (NASDAQ: IVGN) was upgraded to Overweight from Neutral at JP Morgan.
Citigroup upgraded Clearwire (NASDAQ: CLWR) and Credence (NASDAQ: CMOS) to Hold from Sell.
Good morning. Much like we saw both on Monday and Tuesday this week, premarket futures are mixed prior to the opening bell as investors sort through hundreds of earnings reports.
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