Filed under: Before the bell, Analyst upgrades and downgrades, Microsoft (MSFT), Dell (DELL), Nokia Corp. (NOK), Best Buy (BBY), Chevron Corp (CVX), FedEx Corp (FDX), Contl Airlines’B’ (CAL), Honeywell Intl (HON), Juniper Networks (JNPR)
Before the bell: Futures lower on new of more writedowns
Chevron Corp. (NYSE: CVX) said on Thursday it expects to earn a bigger profit in the fourth quarter than it did in the third because of higher energy prices.
FedEx Corp. (NYSE: FDX) said Thursday it will keep relying on contract drivers for its ground delivery division despite a challenge by the Internal Revenue Service, which assessed tax penalties and interest of $319 million.
Notable analyst calls this morning from Briefing.com:
- Continental Airlines (NYSE: CAL), which already soared over 23% on airline merger rumors, was upgraded by Bear Stearns from Peer Perform to Outperform.
- Dell (NYSE: DELL) was upgraded by JP Morgan from Neutral to Overweight (really?). Shares are gaining 1.2% in premarket trading.
- Honeywell (NYSE: HON) was upgraded by JP Morgan from Underweight to Neutral.
- Nokia (NYSE: NOK) was upgraded by RBC Capital Markets from Sector Perform to Outperform. Stock declining 1.5% in premarket trading.
- Juniper Networks Inc. (NASDAQ: JNPR) is losing its chief operating officer to Microsoft. Shares are down 7.9% in premarket trading (8:03 a.m.) after two downgrades from JP Morgan and JMP Securities from Overweight to Neutral and from Market Outperform to Market Perform respectively.
Continue reading Before the bell: CVX, FDX, CAL, DELL, JNPR, BBY, MSFT …
Permalink | Email this | Comments
Entries (RSS)