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Opening Glance: Electrical equipment mostly higher



By AP
16 May 2008 @ 10:30 am EST

NEW YORK - Shares of electrical equipment companies traded mostly higher Friday morning after an Oppenheimer analyst raised his price target on Thomas & Betts Corp. to $50 from $46.

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Quotes
TNB 39.8 1.02
CBE 43.47 -0.46
FLEX 9.45 0.07
CTV 52.83 -0.45

SYMBOL LOOKUP

Separately, Flextronics Inc. said Chief Financial Officer Thomas J. Smach will resign.

Here's how some shares of electrical equipment makers are faring:

Thomas & Betts, up 65 cents to $41.10.

Flextronics, down 35 cents, or 3.2 percent, to $10.52.

Commscope Inc., up 35 cents to $52.09.

Cooper Industries Ltd., up 63 cents to $46.33.

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 This material may not be published, broadcast, rewritten or redistributed.

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