(By Balachander) Equity research analysts have raised their price targets on a number of stocks on Wednesday.
Aegerion Pharmaceuticals Inc. (NASDAQ: AEGR): Leerink increased price target on the stock to $30 from $25. Shares rose 4.67 percent to trade at $26.51.
Infinity Pharmaceuticals Inc. (NASDAQ: INFI): RBC raised price target on the stock to $38 from $32. Shares traded 1.29 percent higher at $34.52.
JDS Uniphase Corp. (NASDAQ: JDSU): Piper Jaffray raised price target on the stock to $16 from $12. Shares gained 1.37 percent to trade at $13.34.
[Related -JDS Uniphase Corp (JDSU) Q4 Earnings Preview: Bearish Options]
The S&P 500 Index retreated 0.61 percent to trade at 1,417.93. The Dow Jones Industrial Average lost 0.42 percent to trade at 13,083.82. The Nasdaq Composite Index dropped 0.82 percent to trade at 2,987.80.