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Movers roundup: Fossil, Darling International

By Associated Press May 12, 2008 Comments (0)

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Among the stock activity stories for Monday, May 12, from AP Financial News:

NEW YORK (AP) _ Shares of Fossil Inc. rose on Monday after an analyst said the watch maker is likely to beat first-quarter expectations due to the benefit of a weaker dollar, and reiterated her "Buy" rating on the stock.

NEW YORK (AP) _ Shares of Darling International Inc. fell Monday after an Avondale analyst cut his rating on the food byproducts processor, saying its stock is approaching a fair price in the wake of strong first-quarter earnings results last week.

NEW YORK (AP) _ Shares of MedCath Corp. rose Monday after Citi analyst Gary Taylor boosted his earnings forecast and price target for the hospital operator.

NEW YORK (AP) _ Shares of Clear Channel Communications Inc. are surging on media reports that a revised deal has been reached to finance the radio and media company's buyout by Thomas H. Lee Partners and Bain Capital.

NEW YORK (AP) _ Build-A-Bear Workshop Inc. shares sank Monday after an analyst said higher fuel costs and tough economic conditions will continue to pressure the specialty retailer, prompting his downgrade.

NEW YORK (AP) _ Shares of Deckers Outdoor Corp. rose on Monday, after an analyst said the footwear maker's unique products help it stand out in a difficult environment.

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