MARKET PULSE-Acura, Daktronics, DSW, First Solar, PetroLogistics

Wed May 28, 2014 9:52am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were little changed on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index. The Dow Jones industrial average was down 0.11 percent at 16,657.33, the S&P 500 was up 0.02 percent at 1,912.33 and the Nasdaq Composite was up 0.46 points or 0.01 percent to 4,237.53.

** FIRST SOLAR INC, $63.25, +3.25 pct

Brokerage Stifel Nicolaus resumed its rating on the solar module maker's stock with a "buy' rating and a target price of $75. Analysts believe the company is well placed "to take advantage of global solar PV growth tailwinds" with growth in annual installation to about 60 GW in 2016.

** OILTANKING PARTNERS LP, Tuesday close $87.62, +2.24 pct premarket

The pipeline and storage company announced on Wednesday plans for a two-for-one unit split. "The unit split will make the partnership's units more accessible to a broader base of potential investors and enhance liquidity for all unitholders," Chief Executive Ken Owen said.

** SANDISK CORP, Tuesday close $95.5, +0.98 pct premarket

UBS Investment Research on Tuesday raised its price target to $110 from $90 on the memory chipmaker's stock, as it anticipates the shift to 3D NAND from 2D NAND to boost average selling price of memory chips.

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