(By Balachander) A number of stocks were upgraded, downgraded and price targets changed by equities research analysts on Wednesday.
American International Group Inc. (NYSE: AIG): Argus upgraded its rating on the stock to "buy" from "hold". Shares gained 2.76 percent to trade at $34.24.
Darden Restaurants Inc. (NYSE: DRI): Jefferies (JEF) downgraded its rating on the stock to "hold" from "buy". Shares dipped 0.78 percent to trade at $47.03.
NVIDIA Corp. (NASDAQ: NVDA): Oppenheimer downgraded its rating on the stock to "perform" from "outperform". Shares retreated 1.65 percent to trade at $11.90.
Liberty Media Corp. (NASDAQ: LMCA): Wunderlich downgraded its rating on the stock to "hold" from "buy". Lazard Capital lowered price target on the stock to $134 from $142. Shares traded 0.21 percent lower at $105.34.
Pandora Media Inc. (NYSE: P): Canaccord Genuity reduced its price target on the stock to $12 from $16. Stifel Nicolaus lowered price target to $14 from $17. Shares plunged 17.25 percent to trade at $7.82.
VeriFone Systems Inc. (NYSE: PAY): UBS upgraded its rating on the stock to "buy" from "neutral". Shares jumped 6.45 percent to trade at $32.20.