Innovation Update

Premarket Roundup: Teradyne, Hub Group

Stock quotes in this article: CAI , HUBG , PVH , SONC , TER  

Among the premarket stories for Tuesday, March 24, from AP Financial News:

NEW YORK (AP) — Analysts saw a glimmer of a silver lining Tuesday in Teradyne Inc.'s slashed forecast for the current quarter, detecting signs that the market for semiconductor testing equipment may be hitting a bottom.

HARTFORD, Conn. (AP) — An analyst downgraded Hub Group Inc. shares Tuesday and cut his profit estimates after the transportation logistics company reduced its first-quarter earnings estimate to well below Wall Street expectations.

HARTFORD, Conn. (AP) — An analyst upgraded Caci International Inc. Tuesday, saying the military contractor has a strong position in high growth areas of intelligence, cybersecurity and biometrics.

NEW YORK (AP) — An analyst upgraded shoe and clothing maker Phillips-Van Heusen Corp. to "Buy" from "Hold" based on management's ability to navigate during the recession.

NEW YORK (AP) — A new value menu is driving traffic to Sonic Corp. and same-store sales are poised to improve, analysts said, a day after the drive-in restaurant chain said its second-quarter profit fell 7 percent as revenue sagged.

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Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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