Among the premarket stories for Wednesday, June 3, from AP Financial News:

NEW YORK (AP) ¿ Shares of Valero Energy Corp. fell in Wednesday premarket trading after the company said it expects to post a second-quarter loss, and also announced plans to sell more than 40 million common shares in a public offering.

NEW YORK (AP) ¿ An analyst lifted his rating on Wynn Resorts Ltd. to "Hold" from "Underweight" Wednesday, saying its stock price has pulled back to more realistic levels. He also cited the casino operator's solid balance sheet and cash flow.

NEW YORK (AP) ¿ An analyst boosted his expectations for homebuilder Hovnanian Enterprises Inc. after it posted a narrower loss in its second quarter, but warned that a higher stock price was dependent on a recovery in the broader housing market.

NEW YORK (AP) ¿ An appealing stock price and the likelihood of earnings growth prompted an analyst to boost his price target for Molson Coors Brewing Co. on Wednesday.

WASHINGTON (AP) ¿ Defense contractor SAIC Inc. is scheduled to report its fiscal first-quarter results Wednesday following a period with many contract wins.

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