International Business News - Note http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif An analyst lowered his earnings forecasts for Brunswick Corp. on Friday, a day after the struggling boatmaker announced its latest round of job cuts. BMO Capital Markets analyst Edward Williams said he was cutting his earnings and revenue forecast for the suburban Chicago company through 2009. http://www.ibtimes.com/articles/20081010/analyst-cuts-estimates-for-brunswick-after-layoffs.htm Fri, 10 Oct 2008 15:26:44 EDT Shares of Brown Shoe Co. slid on Friday, following the broader market lower, as an analyst trimmed his price target and said a softening economy is making it hard for the shoe retailer to post strong sales and margins. http://www.ibtimes.com/articles/20081010/analyst-cuts-brown-shoe-price-target-shares-fall.htm Fri, 10 Oct 2008 15:04:32 EDT A Stifel Nicolaus analyst trimmed his estimates for high-end jewelry retailer Tiffany & Co. on Friday, expecting consumer spending to remain pressured by a softening economy. http://www.ibtimes.com/articles/20081010/analyst-trims-estimates-on-tiffany-amid-slowdown.htm Fri, 10 Oct 2008 11:49:45 EDT Energy infrastructure company Enterprise Products Partners LP's decision to boost its quarterly cash distribution sends a "positive message" to the rest of the industry, an analyst said Wednesday. http://www.ibtimes.com/articles/20081009/analyst-praises-enterprise-products-payout-boost.htm Thu, 09 Oct 2008 15:02:55 EDT A Stifel Nicolaus & Co. analyst maintained his "Buy" rating on shares of Royal Caribbean Cruises Ltd. early Thursday, saying the stock's sell-off is overdone, despite increasing pressures on consumer discretionary spending. http://www.ibtimes.com/articles/20081009/analyst-says-royal-caribbean-selloff-is-overdone.htm Thu, 09 Oct 2008 14:38:55 EDT An analyst on Thursday said a recent sell-off in shares of Estee Lauder Cos. is overdone, noting that the cosmetics and fragrance company's sales have been better than many of its peers. http://www.ibtimes.com/articles/20081009/analyst-calls-estee-lauder-sell-off-overdone.htm Thu, 09 Oct 2008 12:36:56 EDT Entertainment companies are in good shape to weather the global credit crisis and the sector's shares are the cheapest they've been in a long time, but an analyst on Wednesday cautioned investors against jumping in because the outlook remains uncertain. http://www.ibtimes.com/articles/20081008/analyst-entertainment-stocks-outlook-uncertain.htm Wed, 08 Oct 2008 16:06:03 EDT An analyst initiated coverage of Polypore International Inc. Wednesday with a "Buy" rating, citing the company's potential in the battery market. Merriman Curhan Ford analyst Craig Irwin said the Charlotte, N.C.-based company, which makes membranes used in batteries for cars and consumer products, represents a "unique way" to invest in the sector. http://www.ibtimes.com/articles/20081008/analyst-initiates-polypore-with-buy-rating.htm Wed, 08 Oct 2008 14:42:53 EDT An analyst reiterated a top rating on Energy Conversion Devices Inc. Wednesday, saying the solar energy product maker's technology should provide a competitive edge against supply-and-demand scenarios. http://www.ibtimes.com/articles/20081008/analyst-still-positive-on-energy-conversion.htm Wed, 08 Oct 2008 14:31:03 EDT A Morgan Keegan analyst said Wednesday he does not expect Ruby Tuesday Inc. to be able to beat Wall Street's expectations for its fiscal first-quarter profit. http://www.ibtimes.com/articles/20081008/analyst-expects-lackluster-ruby-tuesday-report.htm Wed, 08 Oct 2008 10:50:57 EDT A Barclays Capital analyst says Reynolds American Inc., the nation's second-biggest cigarette maker, is expected to report results from a "challenging" third quarter. http://www.ibtimes.com/articles/20081007/analyst-expect-challenging-quarter-at-reynolds.htm Tue, 07 Oct 2008 14:53:00 EDT A Barclays Capital analyst said Tuesday he expected Philip Morris International, seller of Marlboro cigarettes overseas, to post better-than-expected third-quarter results. http://www.ibtimes.com/articles/20081007/analyst-philip-morris-intl-to-post-solid-gain.htm Tue, 07 Oct 2008 14:44:03 EDT A JPMorgan analyst on Tuesday attempted to quash investors' fears of a potential bankruptcy at Burger King franchisee Carrols Restaurant Group Inc., saying the company still has several options for paying down debt. http://www.ibtimes.com/articles/20081007/analyst-tries-to-quash-credit-anxiety-at-carrols.htm Tue, 07 Oct 2008 14:34:51 EDT An analyst on Tuesday lowered his price target and earnings estimates for American Express Co. due to the expectation for higher funding costs as the credit markets remain volatile. http://www.ibtimes.com/articles/20081007/analyst-cuts-estimates-price-target-for-amex.htm Tue, 07 Oct 2008 12:51:06 EDT An analyst boosted third-quarter earnings estimates for RadioShack Corp. Tuesday, saying the consumer electronics retailer will likely benefit from sales of digital television converters. http://www.ibtimes.com/articles/20081007/analyst-boosts-radioshacks-3q-eps-estimates.htm Tue, 07 Oct 2008 12:40:19 EDT A Goldman Sachs analyst lowered his 2009 and 2010 estimates for the hotel sector late Monday, citing broad economic uncertainty, projected supply growth and weakening business travel trends. http://www.ibtimes.com/articles/20081007/goldman-sachs-analyst-cuts-hotel-sector-estimates.htm Tue, 07 Oct 2008 11:58:41 EDT A Jefferies and Co. analyst on Tuesday lowered his 2009 and 2010 earnings estimates for NRG Energy Inc., citing expected lower natural gas prices. Analyst Paul B. Fremont cut his 2009 earnings-per-share estimate by 10 cents to $2.40 and his 2010 estimate by 75 cents to $2.35. http://www.ibtimes.com/articles/20081007/analyst-cuts-nrg-energy-estimates-for-2009-2010.htm Tue, 07 Oct 2008 10:11:25 EDT A Jefferies and Co. analyst on Tuesday lowered his third-quarter and 2008 estimates on FirstEnergy Corp., saying mild summer weather and damage from recent storms will likely cut into the electric utility operator's earnings. http://www.ibtimes.com/articles/20081007/analyst-cuts-firstenergy-estimates-for-3q-year.htm Tue, 07 Oct 2008 10:01:17 EDT Avon Products Inc. is positioned to withstand economic weakness because of geographic diversity and demand for its favorably priced cosmetics, according to one analyst. http://www.ibtimes.com/articles/20081006/avon-products-benefits-from-geographic-diversity.htm Mon, 06 Oct 2008 13:07:40 EDT A Keefe, Bruyette & Woods analyst downgraded and set lower profit estimates on EMC Insurance Group Inc. on Monday, saying the stock is expensive for its projected profits. http://www.ibtimes.com/articles/20081006/kbw-analyst-cuts-emc-insurance-estimates.htm Mon, 06 Oct 2008 12:39:02 EDT