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What's Shaking: Wednesday's Early Movers

Take a look at some of Wednesday morning's early movers:

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3M — Goldman Sachs is downgrading the Dow Jones Industrial Average component, citing relative valuation issues. Goldman says 3M is struggling wth organic growth issues, as well as above-average exposure to Europe.

Lennar — the homebuilder fell one cent short of Wall Street estimates with fourth-quarter earnings per share of $0.16, but its revenues were well above consensus and its profit margins expanded.

Crocs — The footwear company says fourth-quarter revenue will be at the high end of its prior guidance. It also says 2011 will mark the first year it’s exceeded the $1 billion mark in revenues.

Urban Outfitters — Chief Executive Officer Glen Senk has resigned to pursue other opportunities. He’ll be replaced by company co-founder and chairman Richard Hayne. On the heels of that news, Citi downgraded the stock to "sell" from "buy."

NYSE Euronext — European Union regulators have preliminarily rejected the proposed merger with Deutsche Boerse, although intense lobbying efforts continue by both companies to save the deal.

Coldwater Creek — The retailer is projecting a wider-than-expected fourth-quarter loss after reporting same-store sales declined by about 9 percent for the nine-week period ending Dec. 31.

Intel — Motorola Mobility and Lenovo Group will use Intel chips in new smartphones, an area where Intel has been less than successful in the past.

Coca-Cola, PepsiCo — Both stocks have been downgraded to "neutral" from "buy" at UBS.

Marriott, Hyatt — Goldman Sachs has upgraded Marriott to "buy" from "neutral," while downgrading rival Hyatt to "neutral" from "buy."

General Motors — Piper Jaffray upgrades the automaker's stock to "overweight" from "neutral."

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Peter Schacknow

    Senior Producer at CNBC's Breaking News Desk.

  • Dominic Chu is a markets reporter for CNBC.

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