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0707 EST 24Nov2009
Wells Fargo upgrades Prudential to 'outperform'
Wells Fargo Securities on Tuesday upgraded Prudential Financial Inc to 'outperform' from 'market perform,' saying the company was in a superior competitive position relative to its peers.
The firm also wrote that the insurance company was better able to exploit merger and acquisition opportunities.
For details, see
Shares of Prudential closed Monday at $49.08.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0649 EST 24Nov2009
Earnings and economic diary for Nov 24
Companies scheduled to report quarterly results on Tuesday include: H.J. Heinz Co, Medtronic and Hormel Foods Corp.
For details, see
Economic indicators on tap for Tuesday include preliminary third-quarter GDP data, September CaseShiller data, November consumer confidence data, monthly home price data for September and November Richmond Fed data.
The Federal Reserve will also release the FOMC minutes from the Nov 3-4 meeting.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time Equity news
U.S. stock market report
0707 EST 24Nov2009
Wells Fargo upgrades Prudential to 'outperform'
Wells Fargo Securities on Tuesday upgraded Prudential Financial Inc to 'outperform' from 'market perform,' saying the company was in a superior competitive position relative to its peers.
The firm also wrote that the insurance company was better able to exploit merger and acquisition opportunities.
For details, see
Shares of Prudential closed Monday at $49.08.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0649 EST 24Nov2009
Earnings and economic diary for Nov 24
Companies scheduled to report quarterly results on Tuesday include: H.J. Heinz Co, Medtronic and Hormel Foods Corp.
For details, see
Economic indicators on tap for Tuesday include preliminary third-quarter GDP data, September CaseShiller data, November consumer confidence data, monthly home price data for September and November Richmond Fed data.
The Federal Reserve will also release the FOMC minutes from the Nov 3-4 meeting.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.