(AP) - Among the premarket activity stories for Friday, Jan. 18, from AP
Financial News:
NEW YORK (AP) -- Shares of Under Armour Inc. tumbled in premarket trading
Friday as a Wachovia Capital Markets analyst downgraded the athletic-apparel
maker after it said earnings in the first half of 2008 should miss expectations
due to marketing expenses.
NEW YORK (AP) -- Shares in Continental Airlines Inc. were poised to rise
Friday as analysts pointed to the stock as a top pick for the year.
NEW YORK (AP) -- A JPMorgan analyst upgraded shares of William Wrigley Jr.
Co. Friday, saying that despite a recent decline, the stock should do well
because of the company's international business and growing gum sales in key
markets.
NEW YORK (AP) -- Oppenheimer & Co. upgraded Research in Motion Ltd. to
"Outperform" from "Perform" and set a $115 price target on Friday, citing the
still-strong demand for the smartphone maker's products.
NEW YORK (AP) -- Oppenheimer & Co downgraded shares of biotechnology company
ZymoGenetics Inc. Friday over concerns that its newly approved surgical
blood-clotting product Recothrom will not perform well in the market.
NEW YORK (AP) -- Shares of General Motors Corp. rose in premarket trading
Friday after the auto maker forecast a modest decline in U.S. sales in 2008, and
detailed billions of dollars in cost cuts.
Copyright 2007 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|