S&P analyst raises ESV today to "hold".
Featured Articles From S&P Personal Wealth
NEW YORK, March 25 /PRNewswire/ -- Read the following articles exclusively at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is a division of the McGraw-Hill Companies:
"S&P Upgrades Ensco, Rowan Shares to Hold from Sell"
personalwealth.com
Standard & Poor's upgraded shares of Ensco International (NYSE: ESV - news) and
Rowan Cos. (NYSE: RDC - news) to 3 STARS (hold) from 1 STAR (sell). Analyst
Norman Rosenberg says although current fundamentals remain negative,
particularly for jackup drilling rig operators like ESV and RDC, the
recently announced OPEC production cuts could lay the groundwork for a
potential industry rebound in 2000. But based on the stocks' recent
increases, he believes near-term upside is limited. Word on the Street
brings you comments every trading day from Wall Street's top equity
analysts on stocks or industries that are moving significantly.
"Upside Exists, But Appears Limited, Cherney Says"
personalwealth.com
The equity market's gains on Wednesday were not pretty, but they were
gains, notes S&P Market Analyst Paul Cherney. He says odds favor another
cautious move higher on Thursday for the S&P 500 and there is the
potential for another 25 to 35 point gain in the Nasdaq. In the absence
of a truly bullish headline, Cherney says, early going on Thursday could
see another minor dip to test short-term buyers' resolve, but odds once
again favor higher prices by the close. MarketViews provides the
thoughts of leading investment strategists, portfolio managers and other
market mavens on the stock and bond markets and the state of the economy.
"eBay, AOL Set Marketing Alliance"
personalwealth.com
eBay Inc. (Nasdaq: EBAY - news) and America Online (NYSE: AOL - news) announced a
four-year strategic marketing alliance. The deal will give EBAY a
prominent presence across the AOL family of brands. Other stocks
featured in this morning's MarketMovers include Maytag Corp. (NYSE: MYG - news),
Micron Technology (NYSE: MU - news), SCI Systems (NYSE: SCI - news), O'Sullivan
Industries (NYSE: OSU - news), Amazon.com (Nasdaq: AMZN - news), Excite Inc.
(Nasdaq: XCIT - news), Duramed Pharmaceutical (Nasdaq: DRMD - news), Chronimed Inc.
(Nasdaq: CHMD - news), and Mutual Savings Bank (Nasdaq: MSBK - news).
S&P Personal Wealth (http://www.personalwealth.com) is the award winning service created specifically for individual investors by Standard & Poor's. Investment management features include personalized portfolio recommendations; buy, sell, and hold alerts; free real-time quotes, live market commentary; and in-depth analysis and research on companies and funds from hundreds of Standard and Poor's analysts worldwide. S&P Personal Wealth, recently described as '' ... easily the best one-stop shopping site for investors ... '' by Money.com, can also be reached through leading on-line service partners such as AOL, Netscape, Lycos, Quicken/Excite, ABCNEWS.com, Hearst HomeArts, and Mindspring.
SOURCE: Standard & Poor's
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