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Closing Glance: Electrical equipment shares up



By AP
30 May 2008 @ 04:43 pm EST

NEW YORK - Shares of electrical equipment companies ended higher on Friday as the broader market ended narrowly mixed, after a government report showed personal spending rose somewhat in April, but only to keep pace with rising costs.

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Quotes
ITRI 37.96 3.53
EMR 32.18 2.2
CTV 8.55 0.69
BEZ 11.97 0.87

SYMBOL LOOKUP

Separately, a Lehman Brothers analyst reiterated his "Overweight" rating on Commscope Inc., saying the company will benefit from stable U.S. demand and growing opportunities overseas.

Here's how some shares of electrical equipment performed:

Commscope Inc., up $1.21, or 2.3 percent, to $54.85.

Baldor Electric co., up $1.57, or 4.7 percent, to $35.20.

Itron Inc., up $1.28 to $97.58.

Emerson Electric Co., up 66 cents to $58.18.

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 This material may not be published, broadcast, rewritten or redistributed.

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