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Premarket roundup: Aetna, TiVo

 

Thursday, Jun 04,2009, 1:20:51 PM   Click:

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

NEW YORK (AP) _ Shares of Aetna Inc. skidded in premarket trading after the health insurer cut its profit forecast for the year.

NEW YORK (AP) _ An analyst reiterated his "Buy" rating and raised his price target for TiVo Inc., calling a patent-related court win over rival Dish Network Corp. "a major victory."

NEW YORK (AP) _ A Wachovia analyst downgraded Group 1 Automotive Inc., noting that shares of the auto dealer have risen faster than the broader market.

NEW YORK (AP) _ Talbots Inc. has been improving merchandise and may sell its J. Jill chain sooner than expected, an analyst said, upgrading shares of the women's apparel retailer.

NEW YORK (AP) _ Biogen Idec Inc. and activist investor Carl Icahn will square off in their second proxy fight in as many years, as shareholders vote on dueling slates of nominees for the board of directors.

NEW YORK (AP) _ Expectations that Barrick Gold Corp.'s production will increase and gold prices will rebound prompted an analyst to upgrade the Canadian mining giant.

HARTFORD, Conn. (AP) _ Lower truck production may force truck and engine manufacturer Navistar International Corp. to reduce its earnings guidance when it reports its fiscal second-quarter earnings next week, an analyst said.

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