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Target Corp, Mylan NV, Wells Fargo & Co and more – PRE-MARKET

We look at what's moving the dial in pre-market deals in New York

NASDAQ
Target was among the buzz stocks in pre-market trade

As futures point to a higher start on Wall Street, we check out at Proactive what stocks are buzzing before the bell.

Huge discount retailer Target Corp (NYSE:TGT) rose 5% in  pre-market as it posted adjusted quarterly profit of US$1.23 per share, four US cents above estimates.

Its quarterly statement showed that more shoppers went to the physical stores as well as made purchases online. The group also raised its guidance for 2017.

 

Meanwhile, Mylan NV (NASDAQ:MYL) gained 3.55% after US heavyweight broker Citigroup lifted its rating on the generic drugmaker's stock to 'buy' from 'neutral'.

The broker said the global drugs group was "best positioned" to execute in a challenging operating environment.

Wells Fargo & Co (NYSE:WFC), the American international banking and finance giant , based in San Francisco, was also trading higher in pre-market after it announced the retirement of board chairman Stephen Sanger at year end.

This is earlier than his previously planned April 2018 departure.

Sanger is to be replaced by vice chair and former Fed Governor Elizabeth Duke.

Last but not least, Verizon Communications Inc (NYSE: VZ) also saw shares nudge higher in pre-market deals  as it emerged it is planning to compete with telecoms conglomerate AT&T for emergency response customers, for example firefighters, police, and others.

Quick facts: Target Corporation

Price: 114.04 USD

NYSE:TGT
Market: NYSE
Market Cap: $57.79 billion
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