Dendreon (DNDN) (BHI) (HFC) (WY) (EXM) (PKD) Ratings, Price Targets

Dendreon Co. (DNDN), Baker Hughes (BHI), HollyFrontier Corp (HFC), Weyerhaeuser (WY), Excel Maritime Carriers Ltd (EXM) and Parker Drilling Company (PKD) had ratings and price targets on them adjusted by analysts.

Wells Fargo & Co. downgraded Baker Hughes (BHI) from a "Outperform" rating to an "Market Perform" rating.

Raymond James downgraded HollyFrontier Corp (HFC) from a "Outperform" rating to an "Underperform" rating.

Scotia Capital downgraded Weyerhaeuser (WY) from a "Sector Perform" rating to an "Underperform" rating.

Canaccord Genuity initiated coverage on Dendreon Co. (DNDN). They placed a "Hold" rating and a price target of $11.00 on the company.

Imperial Capital initiated coverage on Excel Maritime Carriers Ltd (EXM). They placed an "Underperform" rating and price target of $1.14 on the company.

Sidoti initiated coverage on Parker Drilling Company (PKD). They placed a "Buy" rating on the company.