Thursday, December 15, 2011

Renren (RENN) (PUK) (RDEA) (BRCM) (BPAX) (BWA) Ratings, Price Targets

Renren Inc. (RENN), Prudential Public (PUK), Ardea Biosciences, Inc. (RDEA), Broadcom Corp. (BRCM), BioSante Pharmaceuticals, Inc. (BPAX) and BorgWarner Inc. (BWA) ratings and price targets.

Zacks Investment Research downgraded Prudential Public (PUK) from an “Outperform” rating to a “Neutral” rating.

Wells Fargo & Co. (NYSE:WFC) initiated coverage on Ardea Biosciences, Inc. (RDEA). They placed a “Market Perform” rating on the company.

Brean Murray initiated coverage on Renren Inc. (RENN). They placed a “Hold” rating on the company.

Auriga lowered its price target on Broadcom Corp. (BRCM) to $35.00.

Jefferies (NYSE:JEF) downgraded BioSante Pharmaceuticals, Inc. (BPAX) to a “Hold” rating.

UBS AG (NYSE:UBS) downgraded BorgWarner Inc. (BWA) from a “Buy” rating to a “Neutral” rating.

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