MARKET PULSE-Acura, Daktronics, DSW, PetroLogistics, Wet Seal

Wed May 28, 2014 11:05am 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 5.57 points or 0.03 percent at 16,669.93, the S&P 500 was up 0.73 points or 0.04 percent at 1,912.64 and the Nasdaq Composite was up 0.46 points or 0.01 percent at 4,237.53.

** CONOCOPHILIPS, $80.05, +1.28 pct

Analysts at Guggenheim Securities raised their price target on the largest U.S. independent oil and gas company's stock to $90 from $82. The raise is due to higher net asset value, with increases in U.S. Onshore and Deepwater Exploration, and higher earnings before interest, taxes, depreciation, depletion, amortization and exploration expenses.

** VIVUS INC, $4.865, +4.18 pct

Aspen Investment Fund, a shareholder of the obesity drug maker, said it was planning to offer to buy the company for $640 million.

** LOWE'S COS INC, $46.85, -1.95 pct   Continued...