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: 148.82 USD

Market: NYSE
Market Cap: $74.5 billion

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