Sunday, April 13, 2008

Premarket Roundup: Millenium Pharma Downgraded; Analyst Says Idacorp Overpriced

Among the premarket stories for Friday, April 11, from AP Financial News:

NEW YORK (AP) -- Friedman, Billings, Ramsey & Co. upgraded Atlas America Inc. Friday, saying the independent energy company is poised to grow due in part to recent developments in the natural gas sector.

NEW YORK (AP) -- A Baird analyst says Takeda Pharmaceuticals' buyout of Millennium Pharmaceuticals will go through, but said Millennium stock is likely to stay near its current price and downgraded its shares.

NEW YORK (AP) -- A group of funds controlled by Mario J. Gabelli have acquired a 7.2 percent stake in Diebold Inc., a manufacturer of ATMs and voting machines, according to a Securities and Exchange Commission filing on Friday.

NEW YORK (AP) -- An analyst downgraded shares of Idacorp Inc. on Friday, saying the power company's shares are overpriced given that its growth is no better than that of its peers.

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