Company News: LIZ, PEP, INFY, TEL, CEPH, DMD, BRCD, LXK, NSC

• Shares of Liz Claiborne, Inc. (NYSE:LIZ) advanced 34.12% to close at $6.84 after the company announced it would sell off major brands for more than $300 million in order to reduce its debt

• PepsiCo, Inc.’s (NYSE:PEP) share prices increased 2.87% after the company reported better than expected quarterly earnings results. The company also affirmed its outlook for fiscal 2011

• U.S.-listed shares of Indian IT giant Infosys Ltd ADR (NASDAQ:INFY) gained 6.99% after the global technology company lowered its revenue outlook for 2011 less than what analysts had expected

• U.S.-listed shares of Switzerland-based electronics company TE Connectivity Ltd. (NYSE:TEL) advanced 7.07% to close at $32.86 after Standard & Poor said the company will replace Cephalon, Inc. (NASDAQ:CEPH) in the S&P 500 index

• Analysts at Goldman Sachs downgraded shares of Demand Media (NYSE:DMD) to “Neutral” rating from “Buy” rating

• Analysts at JP Morgan downgraded shares of Brocade Communications Systems (NASDAQ:BRCD) to “Underweight” rating from “Neutral” rating

• Analysts at JP Morgan downgraded shares of Lexmark International (NYSE:LXK) to “Underweight” rating from “Neutral” rating

• Analysts at Deutsche Bank downgraded shares of Norfolk Southern (NYSE:NSC) to “Hold” rating from “Buy” rating.

Lexmark International (LXK): Free Stock Analysis Report