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Stocks to Watch: PNRA, AAPL, BAC & More
16 Mar 2012 EDT - CNBC.com
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Take a look at some of Friday morning’s early movers:

Panera Bread - The restaurant chain has named chairman Ron Shaich and President Bill Moreton as co-CEOs, effective immediately. Panera says the move formalizes the relationship that has evolved between the two over the past year.

Apple - The new iPad officially goes on sale today, a day after the stock crossed the $600 barrier intraday for the first time. UBS is the latest firm to increase its price target for Apple, to $675 from $550.

Anthera Pharmaceuticals - The drug maker will cut about 45 percent of its workforce, after it halted a clinical study of an anti-inflammatory treatment because of a lack of efficacy.

Bank of America - The stock could hit a milestone in the near future: Its shares hit an intraday low of $4.92 on Dec. 19, their lowest since March 2009, but they're now closing in on $9.84, double that December low.

Lear - Goldman Sachs Group has upgraded the stock to "conviction buy," and raised its price target to $60 from $58. Goldman cites stronger demand for trucks, and says Lear's discount to its peer group is unwarranted. Lear is a maker of automotive power management and seating systems.

Red Hat - The software company's shares have been downgraded to "equal weight" from "overweight" at Morgan Stanley on a valuation basis.

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