NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Fortegra Financial Corp. fell 7.8 percent to $7.19. SandRidge Mississippian Trust I fell 5.5 percent to $12.97.
**MERCK& CO INC, $45.95, down 2 pct. **TITAN PHARMACEUTICALS INC, $0.46, down 73 pct. **NEUTRAL TANDEM INC, $4.57, up 53 pct.
CHICAGO, May 1- If you're strapped for cash or have a poor credit rating, the offer would sound tempting: upfront cash in return for your future pension payments. But it's a debt trap, according to a recent expose by The New York Times, a "pension advance" loan charging sky-high interest rates.
**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. U.S. health regulators rejected an experimental drug to treat opioid addiction made by Titan Pharmaceuticals and asked for additional data showing it works, the company said.
**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. **NEUTRAL TANDEM INC, $4.12, up 38 pct.
*Topeka raises target price to $15 from $13; rating hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Stifel raises target price to $19 from $17; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Wall Street was set for a flat open on Wednesday as investors waited to hear from the U.S. **MERCK& CO INC, Tuesday close $47, down 5 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 5 pct premarket.
*SunTrust Robinson raises price target to $20 from $18; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
**MERCK& CO INC, Tuesday close $47, down 3 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 4 pct premarket. **GENWORTH FINANCIAL INC, Tuesday close $10.03, up 5 pct premarket.
*Needham raises price target to $20 from $15; rating buy. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
*RBC raises target price to $15 from $11; rating sector perform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*JP Morgan raises target price to $13 from $8; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Canaccord Genuity raises target price to $16 from $11; rating hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.