Among the stock activity stories for Tuesday, April 7, from AP Financial News:
NEW YORK (AP) Shares of Archer Daniels Midland Co. plunged in afternoon trading Tuesday after an analyst said demand for the agribusiness giant's products was slowing and lowered the stock to "Sell" from "Hold." NEW YORK (AP) Shares of Cabot Corp. fell on Tuesday after an analyst downgraded the stock of the specialty chemicals maker citing demand deterioration. NEW YORK (AP) An analyst downgraded Estee Lauder Cos. on Tuesday, saying that rival cosmetics company Avon Products Inc. is better able to capture market share as consumers trade down to cheaper products. NEW YORK (AP) Shares of International Speedway Corp. slid Tuesday after the motor sports company cut its full-year adjusted profit and revenue forecasts on weakening economic conditions. HARTFORD, Conn. (AP) Shares of URS Corp. slipped Tuesday morning as an analyst downgraded the engineering and construction company on concern that its infrastructure business could be hurt due to declining state and local spending and limited help from federal stimulus money. NEW YORK (AP) Bally Technologies Inc. should be able to stay above the upheaval caused by the recession due to its solid balance sheet and strong product offering, an analyst said Tuesday.- Loading Comments...
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