Among the stock activity stories for Wednesday, April 8, from AP Financial News: CHICAGO (AP) ¿ Shares of Bed Bath & Beyond Inc. soared to an eight-month high in Wednesday trading, a day after the home decor chain posted better-than-expected sales and profits prompting at least one analyst to upgrade the retailer's stock. PHILADELPHIA (AP) ¿ Shares of F5 Networks Inc. climbed on Wednesday, after the company disclosed that second-quarter earnings would be higher than expected as cost cuts and a share buyback boosted profits despite a slowdown in sales. NEW YORK (AP) ¿ Shares of the Internet technology services company Computer Sciences Corp. slipped Wednesday after a Citi Investment Research analyst initiated coverage of the stock with a "Sell" rating. NEW YORK (AP) ¿ Shares of King Pharmaceuticals Inc. rose Wednesday after a Goldman Sachs analyst put the stock on a recommended list, saying King's pain drug Embeda could be approved for sale very soon. DES MOINES, Iowa (AP) ¿ Shares of Raymond James Financial Inc. fell Wednesday as an analyst downgraded the stock and lowered profit estimates.
DES MOINES, Iowa (AP) ¿ Shares of investment manager Waddell & Reed Financial Inc. fell Wednesday after the company's strong recent stock performance led to a downgrade based on valuation. NEW YORK (AP) ¿ Shares of bad-debt collector Portfolio Recovery Associates Inc. jumped nearly 8 percent in thin trading Wednesday after an analyst upgraded the stock to "Buy" from "Neutral," saying he expected the company to report solid operating profit later this month. MILWAUKEE (AP) ¿ Shares of wine and spirits maker Constellation Brands Inc. fell on Wednesday after the company announced it narrowed its fourth-quarter loss but still failed to meet analyst expectations. HARTFORD, Conn. (AP) ¿ Shares of Alcoa Inc. advanced Wednesday as two analysts said the aluminum manufacturer is making progress cutting costs even as it reported a first-quarter loss due to the weak economy and falling prices and demand.