-$2.06
8.5%
Shares of Career Education Corp. fell to $22.14. The Hoffman Estates-based company was cut to “underweight” from “equal weight” by a Lehman Brothers analyst.
$0.57
3.1%
Gap Inc. stock rose to $19.07. The nation’s largest clothing chain was upgraded to “overweight” from “underweight” by an analyst at Morgan Stanley, who said the company is improving its merchandise for the first time in more than two years.
-$6.11
23.2%
Red Hat Inc. stock slumped to $20.21. The world’s biggest distributor of Linux computer software said second-quarter profit, excluding some costs, was 11 cents a share, 1 cent a share below estimates.
$2.76
4.6%
Shares of Reynolds American Inc. gained to $62.76. Shares of the cigarette maker were raised to “neutral” from “reduce” by an analyst at UBS AG, who cited the company’s dividend yield.
$1.48
6%
Shares of Tim Hortons Inc. climbed to $26.20. Canada’s biggest coffee-shop chain will join the Standard & Poor’s/TSX composite index after the close of trading Friday, S&P said.
$2.24
4.5%
Valero Energy Corp. stock increased to $51.87. The nation’s largest oil refiner was upgraded to “buy” from “hold” at Citigroup, and to “buy” from “neutral” at Banc of America.
