Premarket roundup: Brocade, credit cards

Premarket roundup: Brocade rating cut, analyst doesn't see buyer; Visa, MasterCard upgraded

• On 9:28 am EDT, Monday October 12, 2009

Among the premarket stories for Monday, Oct. 12, from AP Financial News:

NEW YORK (AP) -- Brocade Communications Systems Inc. is unlikely to find a buyer soon or beat expectations in its next round of quarterly results, Oppenheimer & Co. said Monday, downgrading the company's shares.

NEW YORK (AP) -- Increased use of credit and debit cards should translate into improved revenue for payment processors MasterCard Inc. and Visa Inc., an analyst said Monday as he lifted his ratings on both of the stocks.

NEW YORK (AP) -- Shares of Anadarko Petroleum Corp. have reached a fair value, said an analyst on Monday as he downgraded the oil exploration and production company.

NEW YORK (AP) -- An analyst on Monday raised his earnings expectations for Morgan Stanley after revising revenue estimates for the bank's global wealth management joint venture, Morgan Stanley Smith Barney.

NEW YORK (AP) -- A Robert W. Baird analyst upgraded shares of Pharmaceutical Product Development Inc. on Monday, saying that Wall Street is well prepared for disappointing results from the contract research company.

NEW YORK (AP) -- Redbox could enlist one of the major DVD retailers as an ally in its fight with movie studios over the timing of new releases, one analyst says.

NEW YORK (AP) -- W.W. Grainger Inc. rose Monday after an analyst upgraded shares of the company, which makes industrial and commercial cleaning products, on prospects for strong revenue growth.

Buzz up!