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  • 10/22/2017 19:48:40

    METALS-London copper climbs as China reaffirms growth target

    MELBOURNE, Oct 23 (Reuters) - London copper climbed on Monday alongside other metals, after Chinese authorities reaffirmed that the country's economy was on track to achieve the official target of 6.5 percent growth this year. FUNDAMENTALS * LME COPPER: London Metal Exchange copper rose by 0.4 percent to $6,982 a tonne by 0119 GMT, after closing little changed in the previous session, when it posted its fourth straight weekly gain. LME copper prices reached $7,177 a tonne last

  • 10/20/2017 13:36:57

    BRIEF-Target Corp announces pricing of pending any and all Tender Offers

    Target Corp(TGT): * Target Corporation(TGT) announces pricing of pending any and all Tender Offers. * Target Corp (TGT) - ‍Tender Offers will expire on October 20, 2017, at 5:00 p.m., New York City time​ Source text for Eikon: Further company coverage:

  • 10/19/2017 17:04:39

    PayPal tops profit estimates, lifts target on mobile payments growth

    (Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.

  • 10/19/2017 15:37:51

    Target sees new smaller Manhattan store as where it's headed

    Target sees its new smaller store in Manhattan as a symbol of its future.

  • 10/19/2017 12:00:42

    Target Expands Store Remodelling Plan


  • 10/19/2017 11:35:08

    Target CEO says small-format stores twice as productive as traditional

    NEW YORK (Reuters) - Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.

  • 10/19/2017 10:38:41

    Target sees its new Manhattan store a symbol of its future

    Target sees its new smaller store in Manhattan as a symbol of its future.

  • 10/19/2017 10:06:35

    Adobe jumps more than 10% to record high after raising outlook

    Adobe Systems Inc. stock hit record highs in Thursday's session, after the software company provided preliminary forecasts for its 2018 fiscal year Wednesday afternoon. At its annual Adobe Max conference in Las Vegas, executives said they expect revenue to increase 20% in 2018 to about $8.7 billion and adjusted earnings to increase to $5.50 a share from this year's estimated annual total $3.75 a share. Analysts had expected profit in 2018 to be about $5.20, according to average estimates compiled by FactSet, though that average was quickly moving higher as notes poured in Thursday morning. "Better FY18 guidance, pricing power and pace of innovation reminds us how good a business Adobe is," praised RBC Capital Markets analysts, who raised their price target to $177 from $157 and maintained an outperform rating. Adobe shares moved as high as $170.29 in Thursday's morning trading session, 11.3% higher than Wednesday's closing price and an all-time intraday record. Adobe shares have gained 64.8% this year, as the S&P 500 has increased 14.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/18/2017 18:09:51

    MongoDB prices IPO at $24, above elevated range

    MongoDB Inc. priced its initial public offering at $24 a share Wednesday night, $2 higher than the price range it had already inflated just the day before. The database-software company originally targeted an IPO price in a range of $18 to $20, and increased that target to $20 to $22 Tuesday. MongoDB plans to sell at least 8 million shares at the $24 price, which would raise $192 million at an initial valuation of about $1.18 billion. The company was valued at $1.6 billion in its last round of private investment, the end of about $300 million in venture investment in the startup. Underwriters, led by Morgan Stanley, Goldman Sachs and Barclays, have access to an additional 1.2 million shares that could sell and raise the total take and valuation. MongoDB is expected to begin trading under the ticker symbol MDB on the Nasdaq exchange Thursday morning.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/18/2017 12:39:01

    Ulta Beauty shares downgraded on data showing spending declines among teens

    Ulta Beauty Inc. was downgraded to neutral from overweight at Piper Jaffray after findings from the firm's latest Teen Survey showed declines in spending on color cosmetics and skincare, as well as a trough in fragrance spending. The company's price target was slashed to $210 from $260. Ulta shares are down 1.7% in Wednesday trading. "[O]verall beauty wallet contracted low-double digits," analysts wrote in a Wednesday note. "While specialty is the primary share gainer within cosmetics, we did see broader signs of strength from Sephora--now the No. 1 preferred beauty format across upper and average-income females--unseating Ulta in average-income survey." Other popular names from the Teen Survey include Amazon.com Inc. , Adidas AG and Apple Inc. In addition to the survey results, Piper Jaffray analysts cite growing competition from Amazon, Sephora, as well as other up-and-comers in the beauty space, and moderating same-store sales for its downgrade. Ulta shares are down 23.2% for the last three months while the S&P 500 index is up 4.2% for the period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/18/2017 10:10:25

    HP shares climb to highest level since Feb. 2011 as RBC hikes estimates and price target

    Shares of HP Inc. rose to their highest level since Feb. of 2011 early Wednesday, after RBC raised earnings estimates and its stock price target to incorporate new company guidance. "We think HPQ's FY18 guide is inherently conservative and could enable sustained beats/raises over the next few quarters," analysts led by Amit Daryanani wrote in a note. RBC raised its stock price target to $26 from $22, and lifted its fiscal 2018 EPS estimate to $1.81 from $1.74 and its revenue estimate to $52.0 billion from $50.8 billion. The company said it expects a flat year for printing and a down year for PCs, where it will mainly focus on adjacent markets and share gains. "Commodity markets should remain challenging but likely peak in FQ4 (October); that headwind should be offset by cost-reduction initiatives," said the note. Shares were last trading up 0.9% and have gained about 45% in 2017, while the S&P 500 has gained 14%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/16/2017 18:24:26

    Target hiring over 100K employees for holiday season

    As the holiday season looms, Target plans to hire more than 100,000 extra hourly workers to help out in stores. Josh King has the story (@abridgetoland).        

  • 10/16/2017 08:12:27

    Nvidia's stock hits another record high after analyst boosts price target

    Shares of Nvidia Corp. rose 0.4% in morning trade Monday, and reached an all-time intraday high earlier in the session, after Mizuho raised its price target, citing strength in its GPU business and trends in the China data center market. Analyst Vijay Rakesh affirmed his buy rating, and boosted his price target to $220, which is 12% above Monday's intraday high of $195.80. Rakesh said pricing for graphics processing units has been trending higher in recent months, given strong demand from the gaming and cryptocurrency markets, which should provide a tailwind for results. He said recent business deal wins in China should provide another tailwind, as should growing demand from the self-driving market. The stock has nearly tripled over the past 12 months, while the PHLX Semiconductor Index has climbed 51% and the S&P 500 has rallied 20%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/12/2017 09:04:08

    Target shoppers can now make purchases through Google Home

    Target Corp. said Thursday that consumers can now shop from Target using their voice and the Google Home device. Next year, shoppers will be able to link their Target website and Google accounts in order to store their favorite items. Target is also selling through Google Express across the continental U.S., with items from a shopper's local store available for home delivery. Beginning next year, RedCard holders will be able to get 5% off most purchases and free shipping, or purchases can be made available for pickup within two hours. Target shares are up almost 18% for the last three months, but down about 17% for the year so far. The S&P 500 index is up 14% for 2017 to date.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 14:37:12

    Snap stock surges 11.4% in best trading day since IPO

    Snap Inc. enjoyed its best day of trading Wednesday since its March 2 debut in the public market, rising 11.4% to $15.98. The company has struggled since the stock soared to a record $27.09 in the days following the initial public offering, and has plunged 22.8% in the past six months. The S&P 500 index has risen 8.4% in the past six months. In a research note sent to clients Wednesday, Credit Suisse raised its price target to $20 from $17, citing an increase in its North American daily active user estimates.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 14:19:06

    Dow, S&P 500, Nasdaq notch all-time highs after Fed minutes

    U.S. stock benchmarks closed at records on Wednesday after minutes from the Federal Reserve's policy-setting gathering in September indicated a desire to increase rates one additional time despite stubbornly low inflation. Some Fed policy members expressed concerns about inflation running below its 2% annual target, while others worried that waiting for inflation to normalize policy could lead to an overheated market. The Dow Jones Industrial Average rose about 42.21 points, or 0.2%, at 22,872.89, supported by sharp climbs in the shares of components McDonald's Corp. and Johnson & Johnson . The S&P 500 index ended about 4.6 points, or 0.2%, at 2,555.24, with shares of retailing giants Target Corp. and Wal-Mart Stores Inc. leading gains in the broad-market index. Meanwhile, the technology-laden Nasdaq Composite Index climbed 16.30 points, or 0.3%, to 6,603.55. All three benchmarks ended at records. The account of the Fed's discussions during its September meeting suggests that the central bank would likely raise rates at a gradual pace. In other corporate news, shares of BlackRock Inc. rose after posting better-than-expected earnings, with a spate of earnings from financials set to be released early Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 14:03:32

    Stock market notches trifecta of all-time highs as Fed minutes hint at gradual rate hikes

    U.S. stocks closed at all-time highs on Wednesday after minutes from the Federal Reserve's policy-setting gathering in September indicated a desire to increase rates one additional time despite stubbornly low inflation. Some Fed policy members expressed concerns about inflation running below its annual 2% target, while others worried that waiting for inflation to normalize policy could lead to an overheated market. The Dow Jones Industrial Average rose about 40 points, or 0.2%, at 22,8, supported by sharp climbs in the shares of components McDonald's Corp. and Johnson & Johnson . The S&P 500 index ended about 4.5 points, or 0.2%, at 2,555, with shares of retailing giants Target Corp. and Wal-Mart Stores Inc. leading gains in the broad-market index. Meanwhile, the technology-laden Nasdaq Composite Index climbed 16 points, or 0.3%, to a record 6,603. All three benchmarks ended at records. The account of the Fed's discussions during its September meeting suggests that the central bank would likely raise rates at a gradual pace. In other corporate news, shares of BlackRock Inc. rose after posting better-than-expected earnings, with a spate of earnings from financials set to be released early Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 13:20:23

    GE's stock tumbles to 4-year low; suffers worst 4-day stretch in 22 months

    General Electric Co.'s stock slumped 1.5% in afternoon trade Wednesday, toward the lowest close in over four years, and to extend its losing streak to four sessions. The stock has tumbled 6.2% during its losing streak, the worst four-day stretch since it lost 7.0% during the four days ending Jan. 11, 2016. The losses accelerated this week after the company announced after Friday's closing bell that its chief financial officer and two other vice chairs were leaving the company, and on Monday that it elected activist investor Trian Fund Management's chief investment officer to its board. On Wednesday, analyst C. Stephen Tusa at J.P. Morgan, the most bearish of the 20 analysts surveyed by FactSet who are covering GE, cut his price target to $20, which is 13% below current levels, from $22, while reiterating his sell rating. "In our view, an activist heightens the risk that GE tries for a quick fix, like it has done in the past," Tusa wrote. GE's stock, on track to close at the lowest level since July 3, 2013, has plunged 27% year to date, while the Dow has gained 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 12:08:49

    Gold takes back some lost ground after Fed meeting minutes

    Gold prices finished lower Wednesday, pressured by growing expectations for a December interest-rate hike by the U.S. Federal Reserve. Waiting for inflation to hit the central bank's 2% target before further interest rate hikes would be a mistake, said Kansas City Fed President Esther George on Wednesday. Gold prices, however, edged higher in electronic trading after minutes from the Federal Reserve's September meeting showed that "several" officials want more confidence about higher inflation before supporting another rate increase. In electronic trading, December gold was at $1,290.70 an ounce, after settling with a loss of $4.90, or 0.4%, at $1,288.90 an ounce. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 11:32:03

    Fed's George say waiting until inflation hits 2% to raise rates would be mistake

    WASHINGTON (MarketWatch) - Kansas City Fed President Esther George said Wednesday that waiting for inflation to hit the central bank's 2% target before further interest rate hikes would be a mistake. "Waiting for solid evidence that inflation will reach 2% before taking further steps to remove accommodation carries risks of overheating the economy, fostering financial instability, and perhaps putting in motion an undesirable increase in inflation," George said in a speech to the Central Exchange in Kansas City. George, one of the more hawkish regional Fed presidents, is not a voting member of the Fed's policy committee this year. More dovish Fed officials have suggested pausing on rate hikes until inflation picks up from low readings this summer. George said low inflation seen this year "is not a current worry."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/09/2017 09:25:06

    Banks Seeing Higher and Higher Analyst Target Prices Ahead of Earnings


  • 10/05/2017 17:25:19

    Switch prices IPO above range at $17, raises more than $500 million

    Data-center operator Switch Inc. priced its initial public offering higher than expected Thursday evening to pull in more than half a billion dollars. The Las Vegas-based data-center company, which owns three large data centers and is developing a fourth, announced that it would sell 31.25 million shares at $17 apiece, after previously stating a target range of $14 to $16. At that price, Switch stands to collect at least $531.25 million at a valuation of about $4.2 billion; underwriters have access to another 4.7 million shares, which could push the take even higher. The company has said it will use the proceeds to buy out investors in Switch Ltd. and take control of that company though Switch Inc., which was just incorporated in 2017. A multi-class share structure will allow founder and Chief Executive Rob Roy to maintain control, as his shares will have 10 times the voting rights of common shares. Switch is expected to begin trading Friday morning on the New York Stock Exchange under the ticker symbol SWCH. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/05/2017 16:01:32

    White House chief of staff John Kelly's phone may have been compromised for months: report

    White House chief of staff John Kelly's personal phone was believed to be compromised by hackers for months before being discovered, according to a Politico report late Thursday. White House tech support staff discovered the breach this summer, after Kelly complained his phone wasn't working properly, Politico said. The breach may have occurred as long ago as December, and potentially exposed data on his phone from not just the White House, but the Department of Homeland Security, where he was formerly secretary. Kelly became President Donald Trump's chief of staff in July. White House officials told Politico that Kelly had not used the phone much since joining the administration, relying mostly on a government-issued phone instead. In a separate report Wednesday, the Wall Street Journal reported that Russian hackers stole highly classified National Security Agency secrets in 2015 by using Kaspersky antivirus software to target an NSA contractor who had sensitive information on his home computer.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/04/2017 10:38:57

    Caterpillar's stock rallies to record after an upbeat comment from the most bearish analyst

    Shares of Caterpillar Inc. climbed 1% toward a record in midday trade Wednesday, after some upbeat comments about used equipment pricing from the analyst who is the most bearish on the mining and farm equipment maker. The stock was the biggest percentage gainer within the Dow Jones Industrial Average , with the $1.19 price gain accounting for about 8 points of the Dow's 35-point gain. Analyst Sameer Rathod at Macquarie Research said an analysis of used-equipment listings suggests the pace of price declines in September from a year ago has slowed from the previous month, and that inventory continues to decline, which indicates the U.S. earth-moving markets are recovering. This upbeat outlook comes despite Rathod having an underperform rating on the stock, and a price target of $86, which is 32% below current levels, and the lowest of the 24 analysts surveyed by FactSet. His bearishness stems from the believe that expectations are running ahead of fundamentals, as "all of the macro factors that allowed [Caterpillar] to have strong results have peaked." Caterpillar's stock has soared 18.4% over the past three months, while the Dow has gained 5.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/03/2017 11:53:23

    Fitbit's stock falls, but analyst stays bullish on upbeat outlook for Ionic smartwatch

    Shares of Fitbit Inc. slumped 3.8% in afternoon trade Tuesday, even as Oppenheimer analyst Andrew Uerkwitz held firm with his bullish rating, citing valuation and the fitness-tracker company's long-term digital health positioning. Although reviews of Fitbit's new Ionic smartwatch weren't very upbeat, especially after Apple Inc. unveiled its Series 3 cellular-connected smartwatch, Uerkwitz said the fitness-first focus of Ionic, simple interface and broader array of accessories positions it to expand its target audience. "With expectations low, [Fitbit] doesn't need a mega hit," Uerkwitz wrote in a note to clients. "It just needs to show it understands what is needed for the coming digital health era: an easy-to-use device that provides robust data, coaching and a long battery life." Since Ionic was introduced in late August, Fitbit's stock has climbed 12%, while Apple shares have shed 5.1% and the S&P 500 has gained 3.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/03/2017 10:10:50

    Merrill Lynch Now Has Street-High Target on GM — Calling for 35% Upside


  • 09/28/2017 12:38:17

    McDonald's stock surge after an upgrade accounts for more than half of the Dow's gain

    Shares of McDonald's Corp. climbed $3.65, or 2.4%, in afternoon trade Thursday, to pace the Dow Jones Industrial Average's gainers, after an analyst upgrade. The price gain was adding about 25 points to the Dow's price, which was up 37 points. Longbow Research analyst Alton Stump raised his rating on the fast-food giant to the equivalent of buy, according to FactSet. Stump's price target of $183 is 16% above current levels, and 6.2% above the average target of $172.31 of the 32 analysts surveyed by FactSet. The stock, which is 2.4% below the Sept. 11 record close of $161.53, has soared 30% year to date, while the Dow has gained 13%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/27/2017 10:23:45

    Canadian dollar dips as central bank says low inflation remains a concern

    The U.S. dollar jumped as high as C$1.2433 against its Canadian rival in Wednesday's session, compared to only C$1.2347 late Tuesday, following remarks by Bank of of Canada Gov. Stephen Poloz. He said the central bank's policy decisions are particularly dependent on economic data amid persistently low inflation in the developed world. He said that any change in interest rates wouldn't affect inflation fully for a year and a half to two years, adding that "when we make our monetary policy decisions, we are less concerned about the latest inflation numbers--which are already a month old--than we are about where inflation will be in the future." The BOC already raised its key interest rate twice this year, once in July and once in early September. Poloz further reiterated the BOC's inflation target of 1-3%, and said that exports will be boosted by a lower Canadian dollar.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/27/2017 10:01:35

    Michael Kors upgraded on belief strategic turnaround is starting to show results

    Michael Kors Holdings Ltd. shares are up 1.9% Wednesday after the company's stock was upgraded to buy from hold at Canaccord Genuity, which believes that company's strategic turnaround is starting to yield results. The price target was raised to $58 from $43. "After a multi-year stretch of excessive promotions, stale innovation in handbags, and a watch category that disproportionately depressed comps and collapsed earnings before interest and taxes margins, we believe the strategic steps management has recently begun implementing are showing early signs of traction," Canaccord analysts led by Camilo Lyon wrote in a Wednesday note. Michael Kors has recently taken steps to add embellishment and make other style changes to its merchandise, and has pulled back from department stores. The introduction of the Access smart watch line has also offset the declines in the fashion watch category. Michael Kors shares are up 11.5% for the year so far, and up 34% for the last three months. The SPDR S&P Retail ETF is up 3.2% for the past three months and the S&P 500 index is up 3.3% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/27/2017 06:21:45

    Immune Pharmaceuticals shares surge 75% on positive mid-stage clinical trial results

    Immune Pharmaceuticals Inc. shares surged 75% in premarket trade Wednesday after the company said early results from a phase 2 clinical trial for moderate-to-severe bullous pemphigoid were positive. Company shares closed at $1.20 on Tuesday. The results, which came from the first six patients enrolled in the clinical trial for Immune Pharmaceuticals' bertilimumab, found a decline in patients' total activity score for the condition of 85%. Patients' improvement was "rapid," the company said, with the activity score declining on average by 72% by day 42. Bullous pemphigoid is a rare skin condition that consists of large blisters that can be life-threatening, especially for already-sick older individuals, who the condition commonly afflicts, according to the Mayo Clinic. The company said it will continue to enroll patients in the phase 2 trial, with target enrollment of 12 to 15 patients, and has plans for a larger clinical trial. Immune Pharmaceuticals shares have declined 57.5% over the last three months, compared with a 3.2% rise in the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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