Verizon Gains, Dollar Tree Rises, Target Dips on Barclays Cut
On this episode of Stock Movers:
- Verizon (VZ) shares gain after the company posted second-quarter revenue that surpassed analysts’ estimates and raised its profit outlook, buoyed by wireless price increases and recent tax legislation.
- Dollar Tree (DLTR) shares rise after a couple of bullish analysts’ notes, including an upgrade from Barclays, and a Street-high PT boost from JPMorgan, which also added the retailer to its Analysts Favorites List.
- Target (TGT) shares dip after Barclays analyst Seth Sigman cut his recommendation on the retailer to underweight from equal-weight. In addition, his analysis points to continued underperformance in both consumables segment and in general merchandise, with trends appearing weakest among Target’s more frequent shoppers.
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