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; for the Morning News Call newsletter, 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.