Premarket roundup: Covidien, Inter Parfums

Among the premarket stories for Wednesday, Sept. 10, from AP Financial News:

NEW YORK (AP) _ Shares of medical device and diversified health care company Covidien Ltd. are trading close to an all-time high, and a Deutsche Bank analyst expects the stock to rise further as revenues improve and recent strategic moves pay off.

CHICAGO (AP) _ An analyst upgraded shares of Inter Parfums Inc., saying the perfume maker's stock is attractively priced.

NEW YORK (AP) _ Oil prices were flat in electronic trading Wednesday after OPEC said it would stick closer to quotas assigned to member countries, but would not cut production.

NEW YORK (AP) _ Sweeping capacity reductions announced Wednesday by two of the world's largest paper makers helped lift the global sector in premarket trading.

NEW YORK (AP) _ Keefe, Bruyette & Woods analyst Robert Hughes on Wednesday downgraded the shares of Huntington Bancshares Inc. to "Underperform" from "Market Perform," on expectations for decaying credit trends.

NEW YORK (AP) _ Goldman Sachs removed Trina Solar Ltd. from its "Conviction Sell" list on Wednesday, but concerns about its suppliers and possible regulatory changes that could affect sales in some markets, kept the firm from recommending the stock.