Deutsche Bank, which has $32 price target on Targacept, said late stage trial of the biopharmaceutical company's lead compound, TC-5214, to treat major depressive disorder will be positive in late 2011.
Credit Suisse upgraded chip maker Qualcomm to outperform from neutral and raised profit estimates of the company, citing improved visibility on earnings growth.
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
The stage is set for another wave of mergers and acquisitions in the U.S. technology sector as the big players, who are flush with cash and looking to expand their horizon, are acquiring aggressively in quest for new products and technology.
Caterpillar Inc., which makes earthmoving machinery, agreed to buy rival Bucyrus International for a total of $7.6 billion, or $92 per share, in cash to boost its presence in the mining equipment industry.