Before the bell: Stock futures lower -- second day of declines ahead?Some analyst calls this morning:
- Caris & Company initiated coverage on Research in Motion (NASDAQ: RIMM) with an Average rating and a $96 target price. It also initiated coverage on Nokia (NYSE: NOK) with an Above Average rating.
- Stanford Research initiated coverage on Microsoft (NASDAQ: MSFT) with a Buy and on Red Hat (NYSE: RHT) with a Hold.
- Bear Stearns upgraded Nordstrom (NYSE: JWN) from Peer Perform to Outperform and downgraded Saks (NYSE: SKS) from Peer Perform to Underperform.
- Jefferies & Co downgraded Adobe Systems (NASDAQ: ADBE) from Buy to Underperform, lowering that target price from $50 to $30.
- Banc of America downgraded Polo Ralph Lauren (NYSE: RL) from Buy to Neutral. It also downgraded Schlumberger (NYSE: SLB) for Outperform to Sector Perform.
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