Premarket roundup: Tim Hortons, American Eagle

Among the premarket stories for Friday, June 27, from AP Financial News:

NEW YORK (AP) _ An analyst downgraded Tim Hortons Inc. late Thursday, saying few catalysts will likely emerge in the near term to boost the coffee chain's stock.

NEW YORK (AP) _ An Oppenheimer analyst downgraded shares of American Eagle Outfitters Inc. late Thursday, citing the departure of its president and merchandising chief, a potential fashion misstep and overall economic weakness.

NEW YORK (AP) _ A Credit Suisse analyst downgraded shares of Nokia Corp. late Thursday, predicting it will have trouble maintaining its share of the smartphone market.

NEW YORK (AP) _ Merrill Lynch & Co. will likely post $5.4 billion in second-quarter write-downs, mostly due to its exposure to bond insurers, a Lehman Brothers analyst said Friday while cutting estimates and a price target on the investment bank.