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.
revised its fiscal 2007 guidance to between 72 cents and 80 cents a share, below the consensus of 90 cents a share. The company attributed its lowered expectations to rising cattle and hog costs, disruption to the South Korean beef trade and speculation about China's pork imports. The stock plunged $2.74, or 12.5%, landing at $19.27.
is buying fellow software maker
for $306 million in cash, or $17.87 per share. Applix rocketed $3.17, or 22%, to $17.54, while Cognos dropped 59 cents to $40.49.
: Bernstein downgraded
to market perform from outperform. The stock fell $1.28 to $82.20.
: Merrill Lynch upgraded
to buy from neutral and raised its price target to $45. Estimates were also raised to reflect higher aluminum prices. Aloca is down 3 cents to $36.38.
: In a regulatory filing after the close Friday, Blum Capital Partners disclosed a 5% stake in business software maker
. Shares slipped 28 cents to $23.78.
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