Stocks to Watch: MS, VZ, TRV & More
Take a look at some of Thursday's morning movers:
Morgan Stanley - The financial giant reported quarterly results that beat analysts' expectations .
Verizon Communications - The wireless communications company posted earnings that were in line with expectations , while revenue topped estimates. The company added it was on track to meet 2012 financial goals, while adding its capital spending for the year was expected to be lower than a year ago.
Travelers - The Dow Jones Industrial Average component posted earnings that topped expectations, while revenue fell slightly short . Travelers was able to increase rates in all business lines and also retain customers, a strong sign for the rest of the industry. The company has been a bellwether for insurers' ability to raise pricing after years of weakness.
Philip Morris - The tobacco company posted earnings that missed by a penny, while sales also fell below expectations. In addition, its full-year profit guidance was short of Street estimates.
Southwest Airlines - The airline posted earnings that beat by a penny, while revenue was slightly lighter than expected.
Nokia - The Finnish phone maker
Sprint Nextel will be gaining control of Clearwire without an acquisition. Earlier this week, Japan's Softbank agreed to buy approximately two-thirds of Sprint in a deal worth around $20 billion .
Bernstein and Nomura raised their price target on Bank of America to $10 from $9 a share, and to $9 from $8 a share, respectively, a day after the financial giant posted a breakeven quarter , exceeding expectations for a loss.
At least four brokerages boosted their price target on Ebay, a day after the online auction website topped profit expectations by a penny and offered current-quarter guidance and a full-year earnings outlook that matched expectations.
Netflix announced that it launched in Sweden, Denmark, Norway, and Finland.
Needham lifted its price target on Google to $825, while keeping its "buy" rating on the search-engine giant. The company is expected to post earnings after the closing bell Thursday.
Michael Kors was initiated with a "buy" rating and set a $68 price target at Buckingham.
Skullcandy was downgraded to "market perform" from "strong buy" at Raymond James.
—By CNBC's JeeYeon Park; Follow Her on Twitter @JeeYeonParkCNBC
Questions? Comments? Email us at email@example.com