*Credit Suisse cuts price target to $69 from $76; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Stifel cuts price target to $87 from $92; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Wedbush cuts target price to $72 from $74; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Credit Suisse cuts price target to $69 from $76; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
**MERCK& CO INC, $45.95, down 2 pct. **TITAN PHARMACEUTICALS INC, $0.46, down 73 pct. **NEUTRAL TANDEM INC, $4.57, up 53 pct.
**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. U.S. health regulators rejected an experimental drug to treat opioid addiction made by Titan Pharmaceuticals and asked for additional data showing it works, the company said.
**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. **NEUTRAL TANDEM INC, $4.12, up 38 pct.
Wall Street was set for a slightly lower open on Wednesday, weighed by weak results from Merck and as investors waited to hear from the U.S. **MERCK& CO INC, Tuesday close $47, down 5 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 5 pct premarket.
Wall Street was set for a flat open on Wednesday as investors waited to hear from the U.S. **MERCK& CO INC, Tuesday close $47, down 5 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 5 pct premarket.
March 8- Industrial machinery maker Gardner Denver Inc agreed to sell itself to private equity firm KKR& Co LP for $3.74 billion after the buyout firm raised its offer.
*KKR offers $76 per share for Garden Denver. March 8- Industrial machinery maker Gardner Denver Inc agreed to sell itself to private equity firm KKR& Co LP for $3.74 billion but some on Wall Street questioned the valuation, saying the company was worth much more.
*KKR to assume Gardner Denver's debt. March 8- Private equity firm KKR& Co LP will buy industrial machinery maker Gardner Denver Inc for $3.74 billion, four months after the company put itself up for sale. KKR's offer of $76 per share is at a premium of 3 percent to Gardner Denver's Thursday closing price on the New York Stock Exchange.
NEW YORK, Dec 21- Industrial machinery maker Gardner Denver Inc has ended talks with SPX Corp and has invited the private equity firms that made offers for the company to re-engage in a sale process, a source familiar with the matter said on Friday.
NEW YORK, Dec 21- Industrial machinery maker Gardner Denver Inc has ended talks with SPX Corp and has invited the private equity firms that made offers for the company to re-engage in a sale process, a source familiar with the matter said on Friday.
*Oracle gains in premarket, software sales boost profit. *S&P 500 on track to extend best two-day run in a month. NEW YORK, Dec 19- U.S. stock index futures pointed to a higher open on Wednesday as the latest offers in ongoing U.S. budget negotiations underlined hopes for a deal, while technology shares were lifted by strong results from Oracle.
*Oracle gains in premarket, software sales boost profit. *S&P 500 on track to extend best two-day run in a month. NEW YORK, Dec 19- U.S. stock index futures rose on Wednesday as the latest offers in ongoing U.S. budget negotiations underlined hopes for a deal, while technology shares were lifted by strong results from Oracle.