Analyst Ratings

Saks, Home Depot, Medtronic Are Big Movers

 

American Apparel Inc., down 58 cents at $4.89

The clothing retailer lost $9 million in the first quarter and cut its year outlook as sales fell. The CEO cited problems with liquidity.

Medtronic Inc., down $2.20 at $31.76

The medical device maker will cut up to 1,800 jobs after posting a big drop in fourth-quarter profit, as sales in its biggest unit slid.

Invesco Ltd., down $1.58 at $14

A $400 million public stock offering surprised investors and could indicate a problem with the asset manager's cash flow, analysts said.

NASDAQ

Palm Inc., down 38 cents at $11.68

Analysts said the phone maker's new Pre smart phone, due to go on sale June 6, is entering into a crowded smart phone market.

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