(PPDI) - buy
Drug development contractor PPD Inc. set its 2009 profit outlook above Wall Street expectations.

(CLC) - buy
Clarcor reports record fourth quarter and fiscal 2008 results. Net Earnings and Earnings Per Share Increase for the 16th Consecutive Year.

(TRMB) - short
Trimble slashes 4th-quarter outlook, well below Wall Street estimates. Co issues downside guidance for Q4 (Dec), sees EPS of $0.22-0.24 vs. $0.33 First Call consensus; sees Q4 (Dec) revs of $268-269 mln vs.

$313.16 mln consensus.

(CVH) - short
Coventry Health Care: In JP Morgan Healthcare conference slides, Co sees 2009 GAAP EPS of $1.70-1.90 vs. $2.59 First Call Consensus.

(BBT) - short
Moody's affirmed the ratings of BB&T Corporation, to negative from stable.