viewTarget Corporation

Target Corp, Mylan NV, Ciena Corporation, Restoration Robotics and more - PRE-MARKET

Proactive takes a look at what was hot and what was not in pre-market deals in New York

Target shares were in the frame before the bell

As Wall Street anticipates a positive open, stocks in focus in pre-market include discount store giant Target Corp (NYSE:TGT).

Shares sank 3.75% to US$72.32 before the bell as it unveiled better-than-expected sales in the fourth quarter with strong growth online and in bricks-and-mortar stores.

But the sales were tempered by muted earnings and a conservative outlook on profit, which disappointed the market.

Elsewhere, Mylan NV (NASDAQ:MYL) shares were up 2.26% to US$42.48 in pre-market deals as broker heavyweight Morgan Stanley upgraded the share to 'overweight' from ' equalweight' with a price target hiked to US$50.00, from US$39 previously.

Elsewhere, Restoration Robotics Inc (NASDAQ:HAIR) posted better-than-expected sales for its fourth quarter.

Shares added 6.55% to US$6.05 after hours in New York.

Last but not least, Ciena Corporation (NYSE:CIEN) added 2.7% to US$ 23.99 after the bell. It comes after the group said its bottom line declined to US$21.91mln, down from US$24.64mln in last year's first quarter.

Quick facts: Target Corporation

Price: 115.645 USD

Market: NYSE
Market Cap: $58.59 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Lithium Australia outlines 2020 strategy

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin discusses the company's vision and plans for 2020 with Proactive's Benjamin Starr. The company has an integrated strategy aimed at servicing the lithium battery industry and this includes resources, technology, processing and...

15 hours, 58 minutes ago

2 min read