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CHANGE IN RATINGS
Autodesk (ADSK Quote) downgraded at Merrill from Buy to Underperform. $10 price target. Estimates also cut, to match the company's new guidance. Even so, the company's long-term prospects remain favorable.
Celanese (CE Quote) downgraded at Citigroup to Hold. Chinese exposure will weigh on 2009 earnings. Liquidity outlook remains stable.
Gap (GPS Quote) upgraded at Citigroup from Hold to Buy. Company has cut costs and has a pristine balance sheet. $12 price target. Gap price target lowered at Goldman to $14 from $15, based on lower earnings expectations in tough environment. Maintained Buy rating. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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