Yahoo Finance is tracking Tesla, Oracle, O’Reilly Automotive, AutoZone, Genuine Parts, Advance Auto Parts, Walmart and Buffalo Wild Wings in intraday trading on Wednesday.
Oracle (ORCL) – KeyBanc upgraded Oracle from sector weight to overweight and issued a price target of $61 per share. Analyst Monika Garg noted Oracle’s cloud business and potential growth in AI among reasons for the upgrade. Shares of Oracle are up about 28% so far this year.
O’Reilly Automotive (ORLY), AutoZone (AZO), Genuine Parts (GPC), Advance Auto Parts (AAP) – The auto parts sector is under pressure after O’Reilly Automotive pre-announced second-quarter same-store sales that missed analysts’ expectations. O’Reilly reported same-store sales increased 1.7% during the three months, below Wall Street’s forecast of a 3% to 5% climb.
Walmart (WMT) – The FTC has approved Walmart’s $310 million acquisition of Bonobos. Bonobos will become a subsidiary of Walmart’s retail division. The deal was initially announced on June 16.
Buffalo Wild Wings (BWLD) – The restaurant chain’s stock was slapped with a downgrade. Stephens lowered its rating on Buffalo Wild Wings to equal weight from overweight and cut its price target to $145 per share from $195.
Tesla (TSLA) – The electric vehicle maker announced that it delivered just over 22,000 cars in the second quarter and produced 25,708 vehicles, bringing its total deliveries for the first six months of the year to 47,100. Tesla had expected to deliver between 47,000 and 50,000 vehicles.
For more on Wednesday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.