Movers roundup: Comtech, AmeriCredit

Movers roundup: Comtech falls on analyst downgrade, AmeriCredit stock edges higher on upgrade

• On 2:15 pm EDT, Friday September 25, 2009

Among the stock activity stories for Friday, Sept. 25, from AP Financial News:

HARTFORD, Conn. (AP) -- Shares of Comtech Telecommunications Corp. fell as an analyst downgraded the shares, saying they are fairly valued in the face of risks next year and uncertainty in some military contracts.

NEW YORK (AP) -- Shares of generic drug developer Dr. Reddy's Laboratories Inc. gained after a Morgan Stanley analyst said the company is poised for gains over the next six months, citing its near-term pipeline of products and catalysts.

DES MOINES, Iowa (AP) -- Shares of automobile finance company AmeriCredit Corp. rose as an analyst upgraded the stock, saying loan delinquencies were not as bad as expected and the company has managed its cash through the recession.

NEW YORK (AP) -- Shares of Brunswick Corp., which makes boats, gym machines and pool tables, rose when an analyst upgraded the stock and said the boating industry has sunk enough to find the bottom.

NEW YORK (AP) -- Shares of CBL & Associates Properties Inc. slid after an analyst downgraded the mall developer citing weakness in the retail industry and the stock's recent run-up.

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