Movers & Shakers: Zynga, Smucker slide, while CBS gains

NEW YORK (MarketWatch) — Here are stocks making notable moves in the market on Friday:


Apple Inc. AAPL, +0.22%  saw its price target raised at a pair of research firms. UBS raised its price target for the tech giant to $ 150, while BMO Capital Markets raised its price target to $ 135.

ITT Corp. ITT, +4.63%  reported better-than-expected quarterly profit, though the industrial-parts maker offered a warning about future sales.

CBS Corp. CBS, +3.76%  late Thursday reported quarterly earnings that beat forecasts.


Zynga Inc. ZNGA, -18.15%  fell as a number of Wall Street analysts lowered their price targets in the wake of the game developer’s disappointing results and outlook.

J.M. Smucker Co. SJM, -0.37%  posted a quarterly profit that beat forecasts, but revenue missed expectations the maker of Pillsbury baked goods and Folgers-brand coffee offered weaker guidance for the year.

American Express Co. AXP, -2.12%  saw its price target cut at several research firms, a day after the charge-card company announced that it was ending its partnership with Costco Wholesale Corp. COST, +0.16% :J.P. Morgan cut its price target for Amex to $ 85 from $ 90 at J.P. Morgan, Janney Capital dropped its target to $ 94 from $ 101 and Citigroup lowered its target to $ 92 from $ 98.

Calpine Corp. CPN, -1.31%  posted a fourth-quarter profit of $ 210 million, bouncing back from a loss of $ 97 million last year. The power producer was aided by falling natural gas prices and the sale of a batch of its power plants.

Interpublic Group of Companies, Inc. IPG, +1.44% missed on fourth-quarter profit estimates but reported better-than-expected revenues. The company also boosted its dividend by 26% to 12 cents and announced a $ 300 million share repurchase plan.

Waste Management Inc. WM, -2.87%   was downgraded to hold from buy at Stifel Nicolas, which also lowered its price target for the trash hauler to $ 53 from $ 57.

Gap Inc. GPS, -0.36%  was downgraded at Credit Suisse to underperform from neutral and its price target was cut to $ 37 from $ 40.

American International Group Inc. AIG, -0.43%  late Thursday posted fourth-quarter operating profit that missed Wall Street’s forecasts.

Kraft Foods Group Inc. KRFT, -4.08%  late Thursday reported adjusted quarterly profit that missed expectations, and the food giant said several executives are leaving.

Tickers to Watch:

VF Corp. VFC, +2.66%  posted adjusted quarterly earnings of 98 cents per share on revenue of $ 3.58 billion, while analysts polled by Thomson Reuters forecast earnings of 98 cents a share on revenue of $ 3.59 billion, according to a Dow Jones Newswires report.

Groupon Inc. GRPN, +1.74% late Thursday delivered quarterly profit that topped expectations, but the company issued a somewhat weak outlook. – Top Stories

You may also like...