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Before the bell: AMZN, ADBL, RL, ADBE, BKC ...

Posted Jan 31st 2008 8:33AM by Melly Alazraki (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Dell (DELL), Amazon.com (AMZN), Schlumberger Limited (SLB), Nokia Corp. (NOK), Adobe Systems (ADBE), Boeing Co (BA), Research in Motion (RIMM), Red Hat Inc (RHT), Burger King Hldgs (BKC), Analyst Initiations, Nordstrom, Inc (JWN), Polo Ralph Lauren'A' (RL),

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.

Amazon.com (NASDAQ: AMZN) agreed to buy Audible Inc. (NASDQ: ADBL), the provider of digital spoken word audio content, for $11.50 a share, a 23% premium to its Wednesday's closing price.

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