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Premarket roundup: Homebuilders, Emerson Electric



By AP
24 June 2008 @ 09:57 am EST

Among the premarket stories for Tuesday, June 24, from AP Financial News:

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Quotes
CRP 19 -0.8
EMR 35.96 -1.48
IVGN 30.86 -2.06
YHOO 14.58 -0.73

SYMBOL LOOKUP

NEW YORK (AP)--A Credit Suisse analyst started coverage of the homebuilder sector with an "Overweight" rating Tuesday, saying the industry will likely turn a corner next spring as inventory levels start to drop.

NEW YORK (AP)--A Credit Suisse analyst said shares of Emerson Electric Co. trade at a premium to its peers and downgraded the stock to "Neutral" late Monday.

NEW YORK (AP)--A JPMorgan analyst upgraded shares of Invitrogen Corp. Tuesday, pointing to greater-than-expected possible savings in the company's acquisition of Applied Biosystems, and to decreased risks.

NEW YORK (AP)--Yahoo Inc. has lost its focus on the consumer and its stock will be stagnant until it makes smarter product decisions, 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 This material may not be published, broadcast, rewritten or redistributed.

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