Benzinga’s News Roundup (BBBY, SFD, DPS, DVN)

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was downgraded today by FBR Capital from Market Perform to Underperform and the price target reduced from $38.50 to $38. Bed Bath & Beyond declined 1.54% to $41.03 in the pre-market session. The 52 week trading range for BBBY is $21.37 -$43.42.

Smithfield Foods, Inc. (NYSE: SFD) reported today a third-quarter net income of $37.3 million, or $0.22 per share, from a loss of $105.7 million, or $0.74 per share, in the year-ago period. Sales declined to $2.88 billion from $3.35 billion for the same quarter last year. Analysts had expected SFD to report earnings of $0.19 per share and revenue of $3.2 billion. Smithfield Foods increased 2.63% to $19.49 in the pre-market session. The 52-week trading range for SFD is $5.88 - $19.86. SFD closed at $18.99 in the previous trading session.

Dr Pepper Snapple Group Inc. (NYSE: DPS) was upgraded today by UBS from Neutral to Buy and the price target increased from $31 to $42. Dr Pepper Snapple Group increased 1.93% to $34.30 in the pre-market session. The 52-week trading range for DPS is $13.39 - $33.93. In the last six months, DPS has gained over 22%.

Devon Energy Corporation (NYSE: DVN) announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP plc (NYSE: BP) for $7.0 billion. Devon Energy increased 2.09% to $73.35 in the pre-market session. The 52 week trading range for DVN is $40.17 -$76.79. Devon Energy closed at $71.85 yesterday.