Premarket roundup: E-Trade, Goldman Sachs
By
Associated Press
June 23, 2009
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Among the premarket stories for Tuesday, June 23, from AP Financial News:
NEW YORK (AP) _ A nearly $2 billion boost of equity capital means "the worst is now behind" E-Trade Financial Corp., an analyst said Tuesday, becoming the latest company watcher to upgrade or raise estimates on the online broker following its stock offering last week and the debt swap begun Monday.
NEW YORK (AP) _ Growing market share should bolster Goldman Sachs Group Inc.'s revenue for the remainder of 2009 and into 2010, an analyst said Tuesday as he raised his price target and earnings estimate for the bank.
NEW YORK (AP) _ Morgan Stanley is facing some short-term pressures that could drag down earnings in the coming quarters, but the bank remains poised for long-term growth, an analyst wrote Tuesday in a research note.
NEW YORK (AP) _ Target Corp.'s early-stage credit card delinquencies continue to improve, which could boost the retailer's stock in the near- to mid-term, an analyst said Tuesday.
HARTFORD, Conn. (AP) _ Gun manufacturer Smith & Wesson Holding Corp. is poised to enter new markets such as those for shotguns and hunting rifles, an analyst said Tuesday as he raised his revenue and profit estimates for fiscal 2010.