Premarket Roundup: Monsanto, Bank Of America

Among the premarket stories for Tuesday, May 26, from AP Financial News:

HARTFORD, Conn. (AP) — Falling prices for an herbicide could undercut Monsanto Co., an analyst said Tuesday as he reduced his profit estimates for the developer of genetically modified crop seeds.

NEW YORK (AP) — Bank of America Corp. was upgraded Tuesday by an analyst due to the stock's current price and strong demand for new shares it is offering as part of a plan to raise new capital.

HARTFORD, Conn. (AP) — Mining equipment makers Bucyrus International Inc. and Joy Global Inc. could benefit from gradual improvements in the global economy or rising commodity prices, an analyst said Tuesday.

NEW YORK (AP) — Pinnacle West Capital Corp.'s shares are "trading cheap" and the electricity and energy provider's earnings will likely recover as rates improve, said one analyst as he upgraded the stock.

NEW YORK (AP) — Pawnshop operator and payday lender Cash America International Inc. was upgraded Tuesday by an analyst because of an improving regulatory outlook and potential growth opportunities.

PORTLAND, Ore. (AP) — Borders Group Inc. is scheduled to report its first-quarter results on Tuesday as the bookseller continues to struggle in a difficult economy.