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Macy's Buyout Rumors Resurface

Stock quotes in this article: YHOO , M , CSG , LSCC , AVY , CLMS , SSTI  

Editor's Note: In this feature from Stockpickr, we highlight lists of stocks that have been upgraded by analysts, are experiencing activist situations or some other market moving events.

Rumors of the Day: A Bernstein analyst suggested that Yahoo!(YHOO Quote) should outsource paid search, cut staff and restructure display advertising, according to StreetInsider.com. The firm said the moves, while unlikely, could boost Yahoo!'s income by $1.6 billion and the stock's price to $45. Yahoo! shares jumped $1 to $24.72.

Takeover rumors boosted Macy's(M Quote) shares in early action Friday. The retailer, whose shares carried a premium during the buyout boom, have tumbled more recently as credit woes have put a damper on deals, according to StreetInsider.com. Private equity's prospects may have been lifted Friday, however, when Cadbury Schweppes(CSG Quote) rejected a bid to acquire its drink business, it added. Macy's shares added $1.21 to $30.47, while Schweppes lost 96 cents at $46.74. ...

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