SCCO
) to Overweight and Jefferies upgraded Sun Trust Bank (NYSE:
STI) to Buy. View all of
today's upgrades here.
JP Morgan downgraded Apollo Investment (NASDAQ:
AINV) to Neutral and downgraded Pacific Biosciences (NASDAQ:
PACB) to Neutral. View all of
today's downgrades here.
Citigroup lowered Career Education's (NASDAQ:
CECO) price target to $21 from $26 and JP Morgan lowered Con-way's (NYSE:
CNW) price target to $35 from $40. View all other
analyst ratings heregold and
silver futures are mixed in pre-market trading, with gold up near the $1670 per ounce level and silver down about 1%. Energy futures are flat with
crude oil near $86.50 per barrel and
gasoline futures trading slightly lower.
Natural gas futures are trading flat this morning and
copper futures are lower by 0.3% this morning.
On the earnings front, P&G (NYSE:
PG) reported Q4 EPS of $0.84 on revenues of $20.9 billion; The Street was looking for $0.82 per share on revenues of $20.6 billion.
Viacom (NYSE:
VIA) reported Q2 EPS of $0.99 on revenues of $3.77 billion; The Street was looking for $0.86 per share on revenues of $3.52 billion.
Weight Watchers (NYSE:
WTW) reported Q2 EPS of $1.17 on revenues of $486 million; The Street was looking for $1.12 per share on revenues of $470.1 million.
In corporate news, Alere (NYSE ALR) announces today
its offer to acquire Axis-Shield for $7.51 per share or $375 million.
This concludes your news summary for August 5, 2011.
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