viewTarget Corporation

Target, Samsung Electronics, Acuity Brands, Schnitzer Steel Industries - PRE-MARKET

What's moving the market ahead of the New York bell - Proactive takes a look ..

Target has raised its fourth quarter profit forecast

Wall Street stocks are seen starting higher after a mixed finish with retailer Target Corp (NYSE:TGT) a stock in focus in pre-market, up 3.97% at US$69.95.

The firm revealed that comparable store sales for November and December rose 3.4%, driven by strong traffic growth and online sales.

This has also led it to raise its fourth quarter profit forecast.

In other news, shares in Samsung Electronics Co Ltd (NYSE:SSNLF) slipped today as traders were underwhelmed by the company's profit estimate for its final quarter of fiscal 2017.

Acuity Brands Inc (NYSE:AYI) shares shed 0.53% after the bell. Analysts expect the electronics firm to post quarterly earnings at US$2.11 per share on revenues of US$879.31mln before the bell.

Schnitzer Steel Industries Inc (NASDAQ:SCHN) saw shares race up over 6% yesterday and almost 1% after the bell.

Wall Street expects the metals firm to post quarterly earnings of US$0.58 per share on revenues of US$485.21mln before the opening bell.

Quick facts: Target Corporation

Price: 163.29 USD

Market: NYSE
Market Cap: $81.75 billion

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