Among the premarket stories for Tuesday, May 13, from AP Financial News:
NEW YORK (AP) _ Goldman Sachs raised its price target on Caterpillar Inc. stock Tuesday in a wide-ranging analysis of the industrial and construction sectors.
NEW YORK (AP) _ A Friedman Billings Ramsey analyst is cutting his estimates on bond insurer MBIA Inc., pointing to the company's large first-quarter loss and difficult competition.
NEW YORK (AP) _ Shares of LDK Solar Co. slipped in premarket trading Tuesday after the China-based solar wafer maker posted a higher first-quarter profit but trimmed a portion of its full-year guidance.
NEW YORK (AP) _ Shares of Nuance Communications Inc. fell sharply in premarket trading Tuesday after the digital incorporation software maker posted a wider first-quarter loss, as one-time costs related to acquisitions piled up.
NEW YORK (AP) _ A security analyst said Tuesday he was reviewing his earnings estimates for VeraSun Energy Inc. after the ethanol producer missed Wall Street expectations for first-quarter earnings.
NEW YORK (AP) _ A Cowen & Co. analyst says Barr Pharmaceuticals is preparing to launch "an exceedingly strong product cycle," and he upgraded the stock to "Outperform" from "Neutral."
NEW YORK (AP) _ A Jefferies analyst initiated coverage of Moody's Corp. with a top rating Tuesday, saying the credit ratings agency's stock already factors in the current economic slump.
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