from its list of top-10 global technology stock picks this morning, causing a massive decline in the stock in Europe, and a drop in the stock in preopen trading on
Shares of the Finnish mobile phone giant touched a two-year low on the European market after the move by UBS analyst Pip Coburn. No further details of Coburn's downgrade were immediately available.
: price target UP to $80 from $70 at
: Sales estimates UP to $217 million from $180 million in 2001; $360 million from $330 million in 2002 at
Credit Suisse First Boston
after the home-improvement retailer said it would meet fourth-quarter estimates this morning. The stock was added to the recommended list from a previous market outperformer rating.
Taking a stick to this company, Lehman downgraded
: to market perform from strong buy. The price target was dropped to $8 from $100 after the company held a poor earnings call yesterday. Lehman, in a comment, wrote, "Metricom missed all major metrics in our model."
was no more kind, downgrading the company to neutral from buy.
: 2001 fiscal EPS DOWN to $1.35 from $1.55 at W.R. Hambrecht.
: EPS estimates DOWN to 41 cents from 45 cents for the third quarter; to $1.70 from $1.75 for fiscal 2001.
: DOWN to hold from buy at CSFB; 2001 estimates down to $2.75 from $3.30.
: DOWN to market outperformer from trading buy at Goldman Sachs; lowered 2001
earnings per share to $1 from $1.35 and 2002 earnings per share estimate to $1.50 from $1.90.
Sirius Satellite Radio
: NEW market outperformer at Goldman.