Premarket roundup: BlackRock, hhgregg

Premarket roundup: BlackRock upgraded, hhgregg shares drop as analyst cuts rating

• On 9:18 am EDT, Wednesday September 23, 2009

Among the premarket stories for Wednesday, Sept. 23, from AP Financial News:

NEW YORK (AP) -- An analyst on Wednesday upgraded his view on BlackRock Inc., saying the investment manager is benefiting broadly from improving markets and operations.

NEW YORK (AP) -- Ongoing soft demand for televisions and appliances prompted an analyst to downgrade hhgregg Inc. on Wednesday to "Neutral" from "Buy."

NEW YORK (AP) -- H.B. Fuller Co.'s significant third-quarter profit surprise drew praise from analysts and prompted one to boost his earnings outlook for the company.

NEW YORK (AP) -- Investors have largely factored in the improving outlook for network gear makers, a Robert W. Baird analyst said Wednesday, predicting few surprises in third-quarter results for the sector.

NEW YORK (AP) -- Research firm Collins Stewart initiated coverage of the banking sector Wednesday, saying that continued uncertainty surrounding credit risk would keep stock prices at regional and national banks from rising too much in the coming quarters.