SunPower is initiated with an 'outperform,' and Deutsche Bank is downgraded to 'sell.'
With a light economic calendar Wednesday, earnings are in focus.
Sony is upgraded to 'buy,' and JoS. A. Bank is downgraded to 'equal weight.'
Mondelez is downgraded to 'hold,' and Citigroup is upgraded to 'outperform.'
Shares of European financial institutions see a major boost in their prices with most of them recording gains of at least 5%.
Heads roll at Barclays as authorities investigate other banks for interest-rate manipulation.
Despite rising earnings, the eurozone crisis will continue to weigh on financials.
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