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Premarket Roundup: Merck, First Horizon



By AP
29 April 2008 @ 09:24 am ET

Among the premarket stories for Tuesday, April 29, from AP Financial News:

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Quotes
MRK 27.49 0.33
FHN 12.68 0.39
WWY 79.97 0

NEW YORK (AP) An analyst cut a price target on Merck & Co. Tuesday, the day after the Food & Drug Administration rejected an experimental drug that would have boosted the company's cholesterol franchise.

NEW YORK (AP) An analyst upgraded First Horizon National Corp. late Monday after the regional bank said it would raise $600 million in a stock offering to help boost capital levels.

NEW YORK (AP) A Citi Investment Research analyst began covering hospital operator stocks with "Sell" ratings Tuesday, citing declining patient commercial admissions and growing debt.

NEW YORK (AP) An analyst downgraded shares of Wm. Wrigley Jr. Co. after the announcement that candy company Mars Inc. would buy the iconic gum maker, saying shares are fast approaching the $80 per share purchase price.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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