Yahoo Finance is tracking Target, Snap, AT&T and Delta Air Lines in intraday trading on Thursday.
Target (TGT) – The retail giant lifted its guidance for comparable sales and earnings per share in the second quarter, citing stronger traffic and sales trends. Target now expects to report a “modest increase” in comparable sales and expects its second quarter EPS to come in above the high end of its previous range of $0.95 to $1.15. Target shares have plunged nearly 28% since the start of the year.
Snap (SNAP) – Stifel thinks investors are overreacting as the lock-up expiration date of Snap shares approaches. Contrary to many on the Street, analyst Scott Devitt is taking a bullish stance on the stock, upgrading the parent company of Snapchat to buy from hold. Devitt cited strong user engagement and steady growth among reasons for the upgrade.
Delta Air Lines (DAL) – The airliner reported a 20% drop in profit for its second quarter while its total revenue rose 3.3% to $10.79 billion. Delta also said passenger unit revenue, a key metric, rose 2.5% during the quarter. Shares of the airliner are up about 23% over the past three months.
AT&T (T) – Bank of America downgraded the telecom giant to neutral from buy and lowered its price target on the stock to $39 from $46. Shares of AT&T have fallen about 14% since the start of the year.
For more on Thursday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.
