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Premarket roundup: Monsanto, Chinese online gaming



By AP
03 June 2008 @ 09:56 am EST

Among the premarket stories for Tuesday, June 3, from AP Financial News:

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Quotes
MON 75.48 -7.78
HSY 37.2 -1.76
ANF 35.1 -0.96
GA 6.01 -0.36
PWRD 20.07 -1.26
GIGM 6.65 -0.2
NCTY 15.44 -0.62

SYMBOL LOOKUP

NEW YORK (AP)--Shares of Monsanto Co. climbed in premarket trading on Tuesday after a Goldman Sachs analyst raised his price target on the agricultural products company, predicting it will benefit from higher prices.

NEW YORK (AP)--A Roth Capital Partners analyst on Tuesday initiated coverage of Giant Interactive Group Inc. and Perfect World Co., saying a recent sell-off in the Chinese online game operator's stock after the Sichaun province earthquake presents a buying opportunity for investors.

NEW YORK (AP)--A Goldman Sachs analyst dismissed speculation that The Hershey Co. will follow Wrigley as a buyout target, saying Tuesday that the deal would not be approved, and Hershey is a less attractive candidate.

NEW YORK (AP)--Shares of teen apparel maker Abercrombie & Fitch Co. will likely trade in a narrow range as the company struggles to recover sales, an analyst said Tuesday.

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 This material may not be published, broadcast, rewritten or redistributed.

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