On the upside
BMO Capital Markets upgraded Apollo Investment Corp. (Nasdaq: AINV).
Synnex (NYSE: SNX) reported higher first quarter earnings that topped analyst estimates prompting an upgrade.As part of its restructuring plans, Plantronics (NYSE: PLT) will eliminate 670 jobs and shutter a manufacturing plant in China prompting an upgrade.
On the downside
Osiris Therapeutics (Nasdaq: GENZ) halted enrollment in a late stage clinical trial of its stem cell treatment for Crohn's disease Prochymal after discovering a design flaw.
BMO Capital Markets analyst Jeffrey Logsdon downgraded MGM Mirage (NYSE: MGM) and slashed his price target for the casino operator citing CityCenter's lawsuit and upcoming financial agreements.
DHT Maritime (NYSE: DHT) increased its public offering to 9 million shares at $4.35 per share in order to raise approximately $36.7 million.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and nearly the same on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 437.