Ticker Talk

Among new stock ratings issued Wednesday on Wall Street: Abercrombie & Fitch Co. (ticker: ANF; close and change: $27.38, up $3.13) was raised to “recommended list” from “market outperform” by Goldman Sachs, with a target price of $48; Cadence Design Systems Inc. (CDN; $19.13, up $1.38) was raised to “strong buy” from “neutral” by Morgan Stanley Dean Witter; Ericsson (ERICY; $58.38, down $1.44) was named “Focus 1 selection” by Merrill Lynch; Gables Residential Trust (GBP; $21.44, down $1.13) was downgraded to “hold” from “buy” by First Union Securities; and Inacom Corp. (ICO; $7.50, down $1.50) was downgraded to “hold” from “strong buy” by Credit Suisse First Boston.