STOCKS NEWS US-Goldman starts coal sector at neutral

Stocks on the move [HOT-RTRS] Real-Time Equity news [U E]

U.S. stock market report [.N]
1132 ET 27March2009-Goldman starts coal sector at neutral
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Goldman Sachs on Friday started coverage on the U.S. coal sector at
neutral, arguing that demand for domestic coal and coal exports could fall
because of global economic weakness. It also said that excess capacity is
likely to keep coal prices near cash costs for the next six months.

"While many U.S. coal producers are well contracted for 2009, there is risk
of further contract deferrals," the firm wrote. "The fall in demand has caused
met coal consumers to defer or cancel met coal contracts with producers."
[ID:nBNG421050]

The Dow Jones U.S. Coal Index .DJUSCL fell 2.2 percent to 169.73. Among
the most active stocks in the index, Alpha Natural Resources (ANR.N) fell 4.1
percent to $20.57, Patriot Coal (PCX.N) dropped 4.2 percent to $4.29, Peabody
Energy (BTU.N) lost 3.2 percent to $26.80 and Foundation Coal (FCL.N) shed 1.3
percent to $16.58.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1107 ET 27March2009-Juniper down after Lazard cuts estimates
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Shares of Juniper Networks JNPR.O fell on Friday, after Lazard Capital
Markets cut its first-quarter and 2009 earnings estimates on the company,
saying the company's business had softened because of pushouts and recent deal
cancellations.

"We believe that a large deal with Comcast Corp (CMCSA.O), originally
slated to be roughly $90 million in the quarter, has been cut to $20 million,"
the firm wrote.

The 2009 earnings estimate was cut to 75 cents a share from 90 cents a
share. [ID:nBNG415699]

The stock slid 3.7 percent to $15.76.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1058 ET 27March2009-Online retailers down after Goldman move on AMZN
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Shares of online retailers fell on Friday, after Goldman Sachs removed
Amazon.com Inc (AMZN.O) from its conviction buy list.

The firm cited Amazon's share price in its move, noting that it was down 11
percent since May 2008, when Goldman added Amazon to its conviction list. The
S&P 500 .SPX has tumbled 42 percent over that same time. [ID:nBNG76815]

Shares of Amazon shed 3.7 percent to $70.95 while Overstock.com (OSTK.O)
lost 2.7 percent to $10.56, online auction site eBay Inc (EBAY.O) slid 2.8
percent to $12.74 and luxury online retailer Blue Nile (NILE.O) fell 1.3
percent to $32.93.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1048 ET 27March2009-Morgan Stanley tops list of M&A advisors: TR data
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Morgan Stanley (MS.N) topped a list of ranked global advisors for mergers
and acquisitions, according to Thomson Reuters data.

The financial services company, which placed 10th a year ago, was lifted by
two large pharmaceutical deals: advising Wyeth WYE.N in its acquisition by
Pfizer (PFE.N) and advising Schering-Plough SGP.N in its takeover by Merck &
Co (MRK.N).

For details, see [ID:nN26522954]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net