Macy's, Dollar General, Okta fall premarket; Nordstrom rises
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Target (TGT) cut at KeyBanc on student loan payment headwinds
June 5, 2023 8:00 AM EDTTarget (NYSE: TGT) was cut to Sector Weight from Overweight at KeyBanc on Monday due to increasing consumer headwinds.
Analyst Bradley Thomas told investors in a note that while the firm still believes in Target's long-term margin recovery story, headwinds over the next 12 to 18 months,... More
Atlantic Equities Downgrades Dollar General (DG) to Neutral 'on consumer shift'
June 2, 2023 5:46 AM EDTAtlantic Equities analyst Daniela Nedialkova downgraded Dollar General (NYSE: DG) from Overweight to Neutral with a price target of $170.00.
The analyst comments "We are downgrading Dollar General to Neutral, following the commentary on the most recent changes to consumer behaviour. Q1... More
