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Xerox, GE, Cabot, J&J, Ticketmaster are big movers
Friday, March 20, 2009 4:11 PM


(Source: Associated Press/AP Online)trackingNEW YORK - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Xerox Corp., down 95 cents at $4.39

The copier maker cut its forecast for first-quarter profit nearly 80 percent on restructuring costs and a slowdown in tech spending.

ConAgra Foods Inc., up 43 cents at $15.01

An analyst says strong sales of its top food brands, including Healthy Choice and Chef Boyardee, will add up to a solid quarter.

General Electric Co., down 78 cents at $9.35

Several analysts lowered their earnings forecasts a day after GE said its finance unit could just break even this year.

Cabot Corp., down $1.28 at $9.01

Due to a weak market for a rubber compound ingredient, an analyst downgraded the specialty chemicals maker to "neutral."

Consolidated Graphics Inc., down $3.24 at $11.93

Citing "the worst overall business environment" since it was founded in 1985, the commercial printer cut its fourth-quarter outlook.

Johnson & Johnson, up $1.41 at $51.47

A UBS analyst upgraded the drug maker to "buy" a day after an FDA panel voted to recommend approval of an anticlotting drug.

NASDAQ

LM Ericsson Telephone Co., down 98 cents at $8.32

The mobile phone maker warned it expects to post a first-quarter pretax loss due to falling consumer demand amid the global recession.

Ticketmaster Entertainment Inc., down 42 cents at $3.67

The ticket-selling company declined to provide a financial forecast and analysts said its quarter was weak.

A service of YellowBrix, Inc.



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