This morning, Credit Suisse raised its EPS estimatess on shares of Cytec (NYSE:CYT) to $2.68 for 2010 as the firm sees better growth prospects for the chemical company. With the higher earnings, Credit Suisses maintains its outperform rating and its $58 price target.
Shares of Cytec were trading higher, up almost 4% following the report.
And Citigroup upgraded shares of Finish Line (NASDAQ:FINL) from hold to buy as the firm sees sales picking up, especially for new toning footwear. The firm's channel checks have shown prices at the stores have held up well and analysts at Citigroup see this leading to stronger earnings. With the upgrade, the firm also raised its price target from $18 per share up to $20.
In morning trading, shares of Finish Line were heading higher, gaining a little more than 4% so far.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.