Advanced Micro Devices (NYSE: AMD): Sterne Agee on Wednesday initiated coverage on shares of AMD with a Neutral rating. Shares of the chipmaker fell 0.13% to $7.50 in morning trading.
Arena Pharma (NASDAQ: ARNA): Hapoalim Securities this morning downgraded the stock from Buy to Hold but raised its price target to $6.50 from $5.
Sequenom (NASDAQ: SQNM): Soleil Securities on Wednesday upgraded Sequenom to Buy from Hold and lifted its price target to $8 from $6. Sequenom shares rallied 3.04% to $6.10 in Wednesday morning trading.
Dow Chemical Company (NYSE: DOW): Goldman Sachs this morning removed Dow Chemical from its Conviction Buy List and downgraded the stock to Neutral.
Caterpillar (NYSE: CAT): Raymond James on Wednesday initiated coverage on Caterpillar with an Outperform rating and a $85 price target.
Bed Bath and Beyond (NASDAQ: BBBY): Jefferies & Co. initiated coverage on the stock with a Buy rating. Shares of the company were up 1.28% in morning.
Parker-Hannifin (NYSE: PH): Wells Fargo this morning downgraded Parker-Hannifin to Market Perform from Outperform. In a research note to clients, the firm said, "A substantial number of the anticipated positive catalysts appear to be largely behind the stock, and we expect the stock will enter a period of limited relative outperformance potential due to decelerating order and revenue growth rates (already observed in some of our distributor channel checks) and expected incremental margin performance moderation."
Disclosure: Author doesn't own any of the stocks discussed here.
