Stocks making the biggest moves midday: Target, Expedia, Generac, Catalent and more

by | Nov 15, 2023 | Financial

Check out the companies making headlines in midday trading. Holley — Shares of the auto parts manufacturing company added 5.6% following an upgrade by Jefferies to buy from hold. The investment bank predicts Holley’s sales will ramp up in the fourth quarter and thinks the stock is trading at a significant discount to historical averages. Target — Shares of the retailer surged 17% after Target’s fiscal third-quarter earnings came in much stronger than expected. The company reported $2.10 in earnings per share on revenue of $25.4 billion. That topped the earnings of $1.48 per share and revenue of $25.24 billion projected by analysts, according to LSEG. Target’s comparable sales declined for the second straight quarter, however. V.F. Corp — The North Face and Vans parent popped 12% on the back of an upgrade to neutral from underweight by JPMorgan. The firm said the company could see a boost to profit due to cost-saving measures. The rally builds on Tuesday’s gain of 10%. Expedia — The online travel company added 6.5%, reaching a new 52-week high. Reuters reported that ValueAct Capital Management acquired stakes in the company. Dollar Tree — Shares gained nearly 3% in midday trading. UBS analyst Michael Lasser on Wednesday said Dollar Tree’s third-quarter results , set to release later this month, will “support the bull case” for the …

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