Stocks to Watch: TJX, Transocean and More...
Stocks fell at the open after the release of a slew of mixed economic data including news that jobless claims fell, but remain high, and retail sales are slowing.
The Dow Jones Industrial Average fell more than 30 points after droppingabout 1 percent on Wednesday as commodity prices tumbled on news that demand for oil and gasoline has slacked amid soaring prices. Global markets continued the sell-off after U.S. markets closed.
Here are six stocks that are on the move:
The retail holding company was initiated buy at UBS with a $63 price target.
The fast food chain reported a higher quarterly profit, but missed market estimates as sales in Canada were hurt by unfavorable weather.
The drilling company was upgraded to neutral from sell at JPMorgan, with the price target remaining at $70.
The hotel franchisor was downgraded to hold from buy at Argus Research.
The metal producer was upgraded to buy from neutral at Goldman Sachs, the firm also raising Allegheny's price target to $90 from $65.
The discount retail chain was trading at highs not seen since its IPO in March, 1995.
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