STOCKS NEWS US-UBS raises year-end S&P 500 target

Stocks on the move

Real-time equity news

U.S. stock market report



0754 ET 26April2010-UBS raises year
end S&P 500 target to 1,350 from 1,250

UBS has raised its year-end 2010 S&P 500 price target to 1,350 from 1,250 due, citing strong economic and earnings results. 'Over the past several months, economic activity and earnings results have come in better than expected. As a result, we are increasing our 2010 and 2011 S&P 500 operating EPS estimates to $90 and $100, respectively, from $83 and $92,' said Jonathan Golub, chief strategist at UBS.

Reuters Messaging: [e-mail]

0718 ET 26April2010
Futures gain on Greece hope, Caterpillar on tap

U.S. stock index futures were modestly higher on Monday, the first session after hitting a 19-month high, as investors awaited key earnings reports and a Greek official said an aid package would help avert a sovereign debt default.

S&P 500 futures added 2.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 21 points, and Nasdaq 100 futures rose 1.75 points. Reuters Messaging:rm://[e-mail]



0707 ET 26April2010
Charles River to buy WuXi PharmaTech for $1.6 bln

U.S. clinical research company Charles River Laboratories International on Monday said it had agreed to buy China's WuXi PharmaTech for $1.6 billion to expand its contract research and drug development services.

Charles River will offer $21.25 per WuXi American Depositary Share and each WuXi ADS will be exchanged for $11.25 in cash and $10 of Charles River common stock determined by an exchange ratio, the company said.

For details, see

Shares of Charles closed Friday at $39.77 while WuXi shares were 8.7 percent higher at $18.01 in premarket trading.

Reuters Messaging: [e-mail]


0703 ET 26April2010
Hertz to buy Dollar Thrifty for $1.2 bln

Hertz Global Holdings Inc had agreed to buy smaller rival Dollar Thrifty Automotive Group Inc for about $1.2 billion to boost its presence in the leisure rental market.

The cash-and-stock offer of $41 per share is at a 5.5 percent premium to Dollar Thrifty's Friday close of $38.85.

For details, see

Shares of Hertz closed Friday at $12.88.

Reuters Messaging: [e-mail]


0651 ET 26April2010
Economic indicators for April 26

Economic indicators on tap for Monday include March building permits data.

Reuters Messaging: [e-mail]


0648 ET 26April2010
Earnings diary for April 26

Companies set to report quarterly earnings on Monday include Dow component Caterpillar Inc, Boston Scientific, Texas Instruments and BlackRock Inc.

Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS

COPYRIGHT Copyright Thomson Reuters 2010. 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.