Among the premarket stories for Friday, May 16, from AP Financial News:
NEW YORK (AP) _ A Wachovia analyst thinks MedCath's results may fall short of expectations if the hospital operator continues to book larger numbers of lower-paying patients, and he cut his rating on the stock.
NEW YORK (AP) _ CBS Corp.'s $1.8 billion buyout of CNet Networks Inc. led an analyst to downgrade the online media company Friday, but raise its price target, and predict the deal will go through.
NEW YORK (AP) _ A Morgan Keegan analyst believes investors will sell shares of health care real estate investment trusts as the U.S. economy recovers, and he downgraded shares of five health care REITs.
WASHINGTON (AP) _ A government report on new-home construction and building permit applications for April is forecast to show further declines as the housing sector continues to sag.
WASHINGTON (AP) _ Consumer sentiment in May is expected to remain roughly unchanged as Americans are still in the doldrums about the fragile economy, according to an early reading for the month.
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