Benzinga’s “Daily Brief On Trending Tickers” features top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.
Target Corporation TGT Shares were down 25% on Wednesday following mixed Q1 results. Target management noted the company's 5.3% operating margin "was well below expectations."
Truist Securities analyst Scot Ciccarelli downgraded Target from a Buy to a Hold rating with a price target of $261.00
Lowe’s Companies Inc LOW Lowe's reported first-quarter revenue of $23.7 billion, which was down year-over-year and came in below the estimate of $23.76 billion, while the home improvement retailer reported quarterly earnings of $3.51 per share, which beat the estimate of $3.23 per share.
Citigroup analyst Steven Zaccone maintained Lowe’s as a Strong Buy and lowered the price target from $292.00 to $222.00 on May 13, 2022.
Walmart Inc WMT Walmart said first-quarter revenue increased 2.4% year-over-year to $141.6 billion, beating the $138.88 billion estimate, while the company reported quarterly adjusted earnings of $1.30 per share, missing Street estimates of $1.48 per share.
BMO Capital analyst Kelly Bania maintained Walmart with an Outperform rating and lowered the price target from $170 to $165.
ZIM Integrated Shipping Services Ltd ZIM reported quarterly earnings of $14.19 per share, which beat analyst estimates of $12.53 by 13.25%, while the company reported quarterly sales of $3.72 billion, beating Street estimates of $3.47 billion.
Jeffries Financial Group analysts maintained ZIM with a Buy rating and raised the price target from $100 to $120.00 on March 10, 2022.
Twitter Inc TWTR Bloomberg reported that the microblogging firm is losing three additional senior-level employees, including two vice presidents, amid Elon Musk’s potential $44 billion acquisition of the platform. This comes after CEO Parag Agrawal fired two top product executives last week.
BMO Capital analyst Daniel Salmon maintained a Hold rating on Twitter and raised the price target from $40.00 to $54.00 on April 29, 2022.
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