MARKET PULSE-Apple, Conatus Pharma, Oncomed, Tesla, Roundy's

Tue Dec 3, 2013 9:51am EST
 
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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. stock indexes opened lower on Tuesday. The Dow Jones industrial average was down 0.44 percent at 15,938.67, the S&P 500 was down 0.32 percent at 1,795.05 and the Nasdaq Composite was down 0.23 percent at 4,036.138.

** APPLE INC, $559.02, +1.41 pct

UBS upgraded the i-Phone maker's stock to "buy" from "neutral" and raised its price target to $650 from $540. The brokerage said the company could be a "growth story" in 2014 with potential double-digit profit growth.

** ABERCROMBIE & FITCH CO, $35.25, +3.62 pct

A shareholder of the company called on the teen apparel retailer to replace its chief executive after his contract expires in February.

** POTASH CORP OF SASKATCHEWAN INC, $31.65, -0.19 pct

The world's largest potash producer by capacity said it would cut 18 percent of its workforce as it struggled with slumping demand and weak prices for the crop ingredient.   Continued...