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Premarket roundup: National City, Tiffany



By AP
29 September 2008 @ 09:48 am EST

Among the premarket activity stories for Monday, Sept. 29, from AP Financial News:

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Quotes
NCC 1.6 0.01
TIF 19.48 1.62
MNI 1.69 0.16
URBN 14.79 1.97

SYMBOL LOOKUP

NEW YORK (AP)--Oppenheimer & Co. analyst Terry McEvoy on Monday upgraded the shares of National City Corp. to "Outperform" from "Perform," saying a recent sell-off in the stock is unwarranted.

NEW YORK (AP)--High-end jewelry retailer Tiffany & Co. has benefited from expanding abroad as weakness in the U.S. lingers from a softening economy and weak consumer spending, an analyst said Monday.

NEW YORK (AP)--A Goldman Sachs analyst said Monday that McClatchy Co.'s new debt agreement with lenders will give the newspaper publisher more wiggle room for the next two years as it deals with slowing ad sales.

NEW YORK (AP)--An analyst on Monday downgraded Urban Outfitters Inc., based on weakening sales trends over the past two weeks sector-wide as well as the company's current stock price.

NEW YORK (AP)--A gas shortage in the Southeast following Hurricane Ike may hurt earnings for restaurant operators, according to one analyst.

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 This material may not be published, broadcast, rewritten or redistributed.

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