Stocks to Watch: BP, PFE, DIS & More
Take a look at some of Tuesday's morning movers:
Pfizer -The drugmaker posted earnings that beat estimatesand revenue that was broadly in line with expectations, but the company's shares were still lower in pre-market trading.
BP - The oil producer posted a bigger-than-expected dropin earnings, despite a gain in crude prices, as production declined after the firm was forced to sell fields to pay for the oil spill. Shares of the oil giant fell in pre-market trading.
P.F. Chang's China Bistro - Private equity firm CenterbridgePartners said it will acquire the restaurant chain in a deal worth $1.1 billion, a 30 percent premium to the stock's Monday close.
Avon Products - The cosmetics maker posted disappointing earnings, hurt by higher costs and falling sales. Last month, the company rebuffed a $10 billion takeover bid from rival Coty, but the recent weak quarterly results could bolster views that Avon should be taken private.
Sears Holdings - The retail chain said it projects a 1.3 percent decline in same-store sales, hurt by weak demand for electronics at its stores and its Kmart chain.
Sirius XM Radio - The satellite radio provider posted better-than-expected quarterly results, thanks to an increase in subscriber prices.
Walt Disney -
Expedia - Barclays reduced its rating on the online travel site to "underweight" from "equal weight."
MasterCard and Visa - JPMorgan raised its price target on both credit-card providers to $517 from $440, and to $149 from $126, respectively.
NYSE Euronext - At least seven brokerages slashed their price targets on the firm a day after the company posted earnings that tumbled by a third, hurt by slowdown in trading costs and from its failed merger with Deutsche Boerse.
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