Microsoft Corp. (NASDAQ: MSFT): Standard & Poor Equity Research on Wednesday downgraded its rating to Hold from Buy and lowered its price target from $35 to $31. Shares of the software maker fell 1.08% to $24.80 in morning trading.
Gap Inc. (NYSE: GPS): Wedbush Securities this morning downgraded its rating on the company to Neutral from Outperform and cut its price target on the stock to $19 from $23. Shares of the company dropped 1.37% to $18 in early trading.
JDS Uniphase Corporation (NASDAQ: JDSU): Sanford C. Bernstein Bernstein Research on Monday upgraded its rating on JDS Uniphase to Outperform from Marketperform. Shares of the company dropped 1.68% to $11.12.
Family Dollar (NYSE: FDO): Barclays Capital on Wednesday upgrades its rating on the stock to Overweight from Equal Weight and raised its price target to $52 from $41.
Inergy, L.P. (NASDAQ: NRGY): Wunderlich Securities this morning upgraded Inergy to Buy from Hold and upped its price target to $46 from $40. Shares of the company slumped more than 4$ in Wednesday morning trading.
Blue Coat Systems Inc. (NASDAQ: BCSI): William Blair on Wednesday initiated coverage on Blue Coat Systems (NASDAQ: BCSI) with a Market Perform rating. Shares of the company sank as much as 6% in early trading.
Disclosure: Author doesn't own any of the stocks discussed here.
