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 Brothers 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." W.R. Hambrecht was no more kind, downgrading the company to neutral from buy.
: 2001 fiscal EPS DOWN to $1.35 from $1.55 at
: 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 estimates 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 Sachs.