Best Buy, Abercrombie, Urban Outfitters rise premarket; Dollar Tree, Zoom fall

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Go back to Best Buy, Abercrombie, Urban Outfitters rise premarket; Dollar Tree, Zoom fall

Investors should 'take the risk' in Walgreens Boots Alliance (WBA) - Cowen

November 22, 2022 11:52 AM EST

Cowen upgraded Walgreens Boots Alliance (NASDAQ: WBA) to Outperform from Market Perform, raising its price target on the stock to $54 from $43 in a research note Tuesday.

Analyst Charles Rhyee told investors the stock has an attractive risk-reward, and WBA's "transformation into a healthcare services business accelerates and op inc mix shifts away from US retail."

"We believe this is a non-consensus call, with... More

Abercrombie & Fitch surges on third-quarter beat, 'cautiously optimistic' outlook

November 22, 2022 9:30 AM EST

Abercrombie & Fitch Co. (NYSE: ANF) stock surged nearly 16% in pre-open trading Tuesday after beating on the top and bottom line for the third-quarter and posting its highest third-quarter net sales since 2014.

The retailer posted a revenue decline of 3% to $880 million, but that easily... More

Best Buy (BBY) stock jumps on Q3 beat, raised guidance

November 22, 2022 8:37 AM EST

Best Buy (NYSE: BBY) shares gained over 8% in pre-open trading Tuesday following better-than-expected third-quarter results and raised guidance.

The retailer posted non-GAAP EPS of $1.38, down from $2.08 last year, but better than the consensus of $1.03. Meanwhile, revenue fell 11.1% from last year to $10.59 billion but again... More