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February 24, 2006

Citigroup Downgrades Capgemini To Hold

0702 GMT [Dow Jones]–Citigroup downgrades Capgemini (12533.FR) to hold from buy with EUR42 price target. Says with stock trading at 18x adjusted 2006 earnings, investors have priced-in the restructuring.
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EMC Draws Heavy Options Activity

An investor has hedged his bet on the stock with a risk-reversal play in early trading.

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Dow Rises 71 on Dropping Oil Prices

Stocks extended their advance into a third session Monday on news of dropping oil prices and a bevy of corporate mergers.

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Morgan Stanley raises Israeli shares to Overweight

The recommendation gave the TASE a boost in afternoon stock trading.

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