Take a look at some of Wednesday's midday movers:
Financial stocks were among the biggest gainers including, MetLife.
Salesforce.com also hit a new 52-week high before turning lower.
Facebook rallied after JPMorgan upped its price target on the social-networking giant to $35 from $29 citing possibilities in mobile.
Kohl's slipped after Buckingham Research cut its rating on the retail chain to "neutral" from "buy."
U.S. Steel soared after Credit Suisse upgraded its rating on the steelmaker to "outperform" from "neutral," saying the sector is set for a bounce.
Caterpillar advanced after ISI Group upgraded the equipment manufacturer to "buy" from "hold" and boosted its target price to $111 from $94.
And Lam Research was among the best performers after D.A. Davidson initiated coverage of the fabrication-equipment maker for the semiconductor industry with a "buy" rating and a $56 price target.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Lori Spechler
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Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Senior Producer at CNBC's Breaking News Desk.
Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.