Wednesday Pre-Market Outlook
Lowe’s (LOW) fell over 5% in pre-market trading after it reported Q3 adjusted EPS of 88 cents, weaker than consensus of 96 cents, and then cut its full-year EPS view to $3.52 from an August 17 view of $4.06.
Sysco (SYY) was downgraded to ‘Neutral’ from ‘Outperform’ at Credit Suisse.
Target (TGT) jumped nearly 6% in pre-market trading after it reported Q3 adjusted EPS of $1.04, well above consensus of 83 cents, and then raised guidance on fiscal 2017 adjusted EPS to $5.10-$5.30 from an August 17 view of $4.80-$5.20.
Lululemon Athletica (LULU) lost over 1% in pre-market trading after it was downgraded to ‘Neutral’ from ‘Buy’ at Credit Suisse Group AG.
OSI Systems (OSIS) was rated a new ‘Buy’ at Drexel Hamilton LLC with a 12-month target price of $90.
ViaSat (VSAT) slid over 2% in after-hours trading after it proposed a 6.5 million offering of common stock.
Agilient Technologies (A) gained almost 2% in after-hours trading after it reported Q4 adjusted continuing operations EPS of 59 cents, above consensus of 52 cents.
CACI International (CACI) was rated a new ‘Buy’ at Drexel Hamilton LLC with a 12-month target price of $140.
Flexion Therapeutics (FLXN) dropped nearly 8% in after-hours trading after it proposed an offering of stock, with no amount given.
MACOM Technology Solutions Holdings (MTSI) fell over 3% in after-hours trading after it reported Q4 adjusted EPS of 54 cents, below consensus of 56 cents.
La-Z-Boy (LZB) climbed 5% in after-hours trading after it purchased the UK and Ireland licenses from Furnico and said it bought 9 La-Z-Boy furniture galleries in Pennsylvania and both deals should add $41 million in incremental sales volume.
Aclaris Therapeutics (ACRS) gained over 2% in after-hours trading after it is said it met all endpoints in a Phase 3 study of its A-101 40% Topical Solution for seborrheic keratosis.
Invitae (NVTA) dropped 6% in after-hours trading after it proposed a $40 million offering of common stock.
Source: Barchart, Bloomberg, Reuters