Movers roundup: Jones Apparel Group, Pep Boys
By
Associated Press
September 11, 2008
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Among the stock activity stories for Thursday, Sept. 11, from AP Financial News:
NEW YORK (AP)_ Shares of apparel manufacturer Jones Apparel Group Inc. fell Thursday after a key analyst at Lazard Capital Markets downgraded the stock's rating to "Hold" from "Buy," saying it has surpassed his $20 price target.
NEW YORK (AP) _ Shares of Pep Boys _ Manny, Moe & Jack hit a 7-year low Thursday, as investors continued to fret about the auto parts retailer's future profits.
NEW YORK (AP) _ BigBand Networks Inc. shares jumped 22 percent Thursday after an analyst upgraded the stock, saying demand for its products that make it easier to transmit large video files is likely to increase from broadband service providers.
NEW YORK (AP) _ Shares of Wachovia Corp. dropped Thursday, as Wall Street's anxiety about the stability of the financial sector _ specifically those firms with significant exposure to bad mortgage loans _ heightened.
NEW YORK (AP) _ Shares of Joy Global Inc., which makes heavy equipment for mining, rose Thursday after its board increased a share repurchase program by $1 billion to $2 billion.
NEW YORK (AP) _ Shares of Wynn Resorts Ltd. fluctuated Thursday as an analyst upgraded the casino operator on its solid Las Vegas and Macau footholds, but another slashed its price target.