Among the premarket stories for Wednesday, Sept. 16, from AP Financial News:
NEW YORK (AP) Adobe Systems Inc.'s purchase of Omniture Inc. should expand its customer base, but immediate gains in sales and cost savings gains will likely be minimal, analysts said Wednesday. NEW YORK (AP) A Robert W. Baird analyst downgraded health-care REIT HCP Inc. Wednesday, saying shares of the real estate investment trust are trading at a fair price. NEW YORK (AP) Retailers are "playing catch-up" with Garmin Ltd., ordering the GPS navigation and communication devices maker's products to fill bare shelves, said a Deutsche Bank analyst who upgraded the shares. HARTFORD, Conn. (AP) United Technologies Corp. Chief Financial Officer Greg Hayes will meet with analysts Wednesday as the diversified manufacturer continues to pursue cost cuts amid a slumping economy. NEW YORK (AP) A Collins Stewart analyst said health-insurer shares may rise as the health-care overhaul debate is resolved, but he thinks business conditions will get worse over the next year to 18 months.- Loading Comments...
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