Premarket roundup: Riverbed Technology, steel

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

NEW YORK (AP) _ An analyst initiated coverage of Riverbed Technology Inc. late Monday with the lowest possible rating, saying the network technology maker's market share has likely flattened out.

NEW YORK (AP) _ Steel companies will continue to benefit from higher-priced steel, an analyst said Tuesday, raising his price targets on two major steel companies.

NEW YORK (AP) _ An analyst raised his price target on semiconductor maker Micron Tech Inc. for the second time in a week Tuesday, saying growth in the DRAM unit may likely offset challenges in the NAND unit.

NEW YORK (AP) _ An RBC Capital Markets analyst said Monday that three Canadian banks will face more pressure on their profits, and he downgraded shares of Canadian Imperial Bank of Commerce and Toronto Dominion Bank.

WASHINGTON (AP) _ A Senate panel on Tuesday is holding a confirmation hearing for three people nominated by President Bush to seats on the Securities and Exchange Commission.

NEW YORK (AP) _ Shares of Lehman Brothers Holdings wobbled in premarket trading Tuesday after a published report said the investment bank will report its first quarterly loss since going public and may need to raise billions in capital.