Movers roundup: Applied Materials, Cisco Systems

Movers roundup: Applied Materials shares advance on upgrade, Cisco Systems stock gets a boost

• On 2:50 pm EDT, Monday September 28, 2009

Among the stock activity stories for Monday, Sept. 28, from AP Financial News:

PHILADELPHIA (AP) -- Shares of Applied Materials Inc. advanced after a Citigroup analyst upgraded his recommendation on the stock based on "significant" upcoming orders for its solar modules production equipment.

NEW YORK (AP) -- Shares of Cisco Systems Inc. got a boost after a Barclays analyst upgraded the networking equipment maker, saying he expects improved demand from telecommunications carriers to lead to better-than-expected revenue for the company.

NEW YORK (AP) -- Shares of Steel Dynamics Inc. fell after a Goldman Sachs analyst removed the shares of the steel producer from his firm's "Conviction Buy List" on concerns that selling prices could decline.

NEW YORK (AP) -- Shares of Incyte Corp. staged a slight rebound as the broader market climbed and a JMP Securities analyst said Wall Street should start to focus on upcoming clinical trial data for Incyte's drug candidates.

COLUMBUS, Ohio (AP) -- Shares of Cabot Oil and Gas Corp. rebounded after several analysts said a recent sell-off in the company's stock was overdone.

NEW YORK (AP) -- Shares of ViroPharma Inc. rose after an Oppenheimer & Co. analyst upgraded the stock, citing the potential for sales of Cinryze and minimal impact to sales from generic versions of Vancocin.

Buzz up!