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Premarket Roundup: Marvell Technology, Kohl's

By Associated Press April 28, 2008 Comments (0)

0 Recommendations

Among the premarket stories for Monay, April 28, from AP Financial News:

NEW YORK (AP) _ A Friedman, Billings, Ramsey analyst upgraded Marvell Technology Group Ltd. Monday, saying demand for networking and communication equipment is improving and the chip maker is likely to hire a new chief financial officer soon.

NEW YORK (AP) _ Shares of Kohl's Corp. fell in premarket trading Monday after a Robert W. Baird analyst downgraded the department store operator, calling its stock overvalued.

NEW YORK (AP) _ Deutsche Bank downgraded Northern Trust Corp. late Sunday, saying any benefits from recent Federal Reserve rate cuts have already helped the company.

NEW YORK (AP) _ Analysts on Monday disagreed about the health of wireless equipment maker LM Ericsson Telephone Co.'s first-quarter report.

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