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Laserscope

( LSCP) was bouncing higher after the San Jose, Calif., medical-laser company was upgraded by Jeffries & Co. to buy from hold. The firm also lifted its price target on the stock to $30 from $25. Shares of Laserscope rose $2.97, or 12.9%, to $25.94.

Oceaneering International

(OII) - Get Oceaneering International, Inc. Report

, a provider of oil, gas and marine-engineering services, saw its shares drop 3% after the Houston-based company was downgraded by RBC Capital Markets to underperform from sector perform.

RBC's move on Oceaneering was part of a broader price target-related downgrade of several energy names. Oceaneering fell $1.66 to $52.12.

Women's apparel seller

New York & Company

(NWY)

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slid nearly 15% after the company said it plans to file a registration statement with regulators for a proposed public offering of about 9 million common shares. Nearly all of the shares will be offered by stockholders.

That more than offset the company's upbeat estimate that fourth-quarter earnings will be toward the higher end of its guidance after December's total sales rose 16.2% and same-store sales increased 10.9%. Shares of New York & Company dropped $3.38 to $19.25 in recent trading.

Shoe seller

Bakers Footwear Group

( BKRS) jumped after it said revenue surged 40.2% to $49.6 million in the last two months of the year. Same-store sales for the period increased 27.2%.

"We delivered a tremendously successful holiday selling season," the company said in a press release. "Sales were strong across most of our categories with notable growth in boots." Shares of Bakers were up $1.27, or 8.7%, at $15.95.

Ruth's Chris Steak House

(RUTH) - Get Ruth's Hospitality Group, Inc. Report

served up rising shares as the Heathrow, Fla., restaurant chain was upgraded by Piper Jaffray to outperform from market perform. Piper also raised its target price to $22.

After the close Wednesday, Ruth's Chris said company-owned restaurant sales climbed 10.1% to $54.9 million for the fourth quarter. Company-owned same-store sales for the quarter, excluding hurricane-damaged Louisiana locations, increased 8.5%. Ruth's Chris was adding 96 cents, or 5.2%, to $19.47 in recent trading.