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Premarket roundup: Starbucks, UAL

By Associated Press

July 2, 2008

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Among the premarket stories for Wednesday, July 2, from AP Financial News:

NEW YORK (AP) _ Shares of Starbucks Corp. rose in premarket trading Wednesday, but analysts said the company's plan to close 600 stores, while a step in the right direction, will not cancel out the problems posed by a weak U.S. economy.

NEW YORK (AP) _ A Goldman Sachs analyst downgraded shares of UAL Corp. to "Neutral" from "Buy" on Wednesday, citing their sharp decline and the likelihood that fuel prices will remain elevated.

NEW YORK (AP) _ A JPMorgan analyst upgraded BJ's Wholesale Club Inc. Wednesday, saying the warehouse club operator has made improvements in converting free-trial customers to paid-trial members, a move which should boost performance.

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DocumentId: 677273, ~/articles/articlehandler.aspx, 10/8/2008 6:52:00 AM,

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