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Premarket roundup: Monsanto, Chinese online gaming

By Associated Press
June 3, 2008 | Comments (0)

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Among the premarket stories for Tuesday, June 3, from AP Financial News:

NEW YORK (AP) _ Shares of Monsanto Co. climbed in premarket trading on Tuesday after a Goldman Sachs analyst raised his price target on the agricultural products company, predicting it will benefit from higher prices.

NEW YORK (AP) _ A Roth Capital Partners analyst on Tuesday initiated coverage of Giant Interactive Group Inc. and Perfect World Co., saying a recent sell-off in the Chinese online game operator's stock after the Sichaun province earthquake presents a buying opportunity for investors.

NEW YORK (AP) _ A Goldman Sachs analyst dismissed speculation that The Hershey Co. will follow Wrigley as a buyout target, saying Tuesday that the deal would not be approved, and Hershey is a less attractive candidate.

NEW YORK (AP) _ Shares of teen apparel maker Abercrombie & Fitch Co. will likely trade in a narrow range as the company struggles to recover sales, an analyst said Tuesday.

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