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 said Friday used car sales would worsen at CarMax Inc. in the coming months due to continued tightness in the credit market. William Blair & Co. analyst Sharon Zackfia wrote in a research note that although the used car retailer is trimming costs--with the recent decision to layoff 600 mechanics--she projected a 24 percent decline in same-store sales of used vehicles for the November quarter compared with the same period a year ago. http://www.ibtimes.com/articles/20081121/analyst-says-used-car-sales-to-fall-at-carmax.htm Fri, 21 Nov 2008 15:24:44 EST Moody's Investors Service on Friday cut its outlook for steel to "Negative" from "Stable" because of weakened economic conditions, declining demand, falling prices and the industry's high costs. http://www.ibtimes.com/articles/20081121/analyst-note-steel-industrys-outlook-dims.htm Fri, 21 Nov 2008 15:10:54 EST Chemicals maker DuPont likely will have to "significantly" tighten its belt in response to slowing global demand as the worldwide economic situation continues to worsen, an analyst said Friday. http://www.ibtimes.com/articles/20081121/analyst-sees-sliding-demand-harming-dupont.htm Fri, 21 Nov 2008 12:48:05 EST As Washington seeks justification for bailing out the nation's automakers, Wall Street is watching for signs of how fast Detroit is burning through the cash it does have on hand. http://www.ibtimes.com/articles/20081121/gm-vulnerable-during-bailout-delay-analyst.htm Fri, 21 Nov 2008 10:55:15 EST A Morgan Stanley analyst on Friday raised his price target by $1 to $74 on PepsiCo stock, saying international growth at the drink and snacks maker so far appears recession-resistant. http://www.ibtimes.com/articles/20081121/morgan-stanley-lifts-price-target-on-pepsico.htm Fri, 21 Nov 2008 09:45:53 EST Shares of Cisco Systems Inc. dropped Wednesday as Riverbed Technology Inc. shares edged higher after a Goldman Sachs analyst shuffled her preferred stock lists. http://www.ibtimes.com/articles/20081119/cisco-falls-riverbed-rises-after-analyst-report.htm Wed, 19 Nov 2008 12:18:15 EST Hollywood movies were popular during the Great Depression, drawing huge crowds looking to escape the financial gloom. Will video games be the escape of choice for a 21st century recession? http://www.ibtimes.com/articles/20081119/strong-demand-for-activisions-guitar-hero-analyst.htm Wed, 19 Nov 2008 18:35:25 EST An analyst on Tuesday reiterated a "Buy" rating for MetLife Inc., saying the life insurer not only has enough reserves to grow its operations, but also could gain market share through acquisitions. http://www.ibtimes.com/articles/20081118/analyst-reiterates-buy-on-metlife-shares-fall.htm Tue, 18 Nov 2008 14:53:04 EST An analyst on Tuesday lowered his rating on Kellogg Co., saying the world's leading cereal maker will see headwinds from consumers pulling back spending in key economies and negative effects from the strengthening dollar. http://www.ibtimes.com/articles/20081118/analyst-lowers-rating-on-kellogg-on-economic-woes.htm Tue, 18 Nov 2008 14:50:04 EST Despite softening consumer spending, natural cosmetics company Bare Escentuals is somewhat insulated as demand for cosmetics continues to remain relatively strong, an analyst said Tuesday. http://www.ibtimes.com/articles/20081118/analyst-bare-escentuals-to-gain-from-products.htm Tue, 18 Nov 2008 14:10:53 EST The make-up of the Federal Communications Commission under President Barack Obama will see major changes that should benefit cable TV operators, which have long locked horns with the current leadership, an analyst said Monday. http://www.ibtimes.com/articles/20081117/obamas-fcc-good-for-cable-tougher-look-at-media.htm Mon, 17 Nov 2008 16:47:53 EST Shares of General Electric Co. edged lower Monday after an analyst trimmed his earnings estimates and price target citing a weakening industrial outlook as well as losses at the conglomerate's financing unit. http://www.ibtimes.com/articles/20081117/analyst-cuts-estimates-on-ge-citing-weak-outlook.htm Mon, 17 Nov 2008 11:31:44 EST A Morgan Keegan analyst on Monday said he is "optimistic" about restaurant company Texas Roadhouse Inc.'s ability to make it through the difficult consumer environment and emerge as a stronger player in the industry. http://www.ibtimes.com/articles/20081117/analyst-optimistic-about-texas-roadhouse-prospects.htm Mon, 17 Nov 2008 10:53:45 EST UBS Investment Research downgraded shares of drug developer GlaxoSmithKline on Friday but still considers it one of the most likely in the pharma sector to come through with blockbuster drugs. http://www.ibtimes.com/articles/20081114/ubs-downgrades-glaxo-on-stock-value.htm Fri, 14 Nov 2008 14:26:30 EST A Wachovia analyst said Friday that car dealership owner Sonic Automotive Inc. will continue to focus on liquidity, and will explore additional ways to reduce costs this year given weak sales. http://www.ibtimes.com/articles/20081114/analyst-sonic-automotive-to-focus-on-liquidity.htm Fri, 14 Nov 2008 09:41:09 EST JA Solar Holdings Co. shares continued their slide to an all-time low on Thursday following a third-quarter loss and weak fourth-quarter outlook that led several analysts to downgrade the maker of solar cells. http://www.ibtimes.com/articles/20081113/ja-solar-shares-continue-slide-to-all-time-low.htm Thu, 13 Nov 2008 15:38:43 EST Analysts trimmed price targets for consumer electronics chain Best Buy Co. Inc. on Thursday, a day after the retailer cut its full-year guidance. RBC Capital Markets analyst Scot Ciccarelli cut his price target on the nation's largest consumer electronics chain to $32, down from $38. He maintained his "Outperform" rating, saying the company will be challenged by a difficult environment but continues to have long-term value. http://www.ibtimes.com/articles/20081113/analysts-trim-price-targets-for-best-buy.htm Thu, 13 Nov 2008 14:38:20 EST An analyst on Thursday lowered estimates for CBRL Group Inc., the operator of Cracker Barrel restaurants and gift shops, saying it's likely weakness in the casual dining sector will be worse than previously thought. http://www.ibtimes.com/articles/20081113/analyst-lowers-cbrl-estimates-cites-more-weakness.htm Thu, 13 Nov 2008 11:02:26 EST An analyst on Thursday lowered estimates for Bob Evans Farms Inc. but raised ratings on the restaurant operator, saying it will better manage the impact of high sow costs in the future. http://www.ibtimes.com/articles/20081113/analyst-lowers-estimates-for-bob-evans.htm Thu, 13 Nov 2008 10:53:55 EST A Citi Investment Research analyst lowered his earnings estimates and price target for homebuilder Toll Brothers on Wednesday, but still kept a "Buy" rating on its shares. http://www.ibtimes.com/articles/20081112/analyst-lowers-estimates-for-toll-brothers.htm Wed, 12 Nov 2008 12:01:06 EST