Target Surprises With Upbeat Forecast; Paramount Debt Downgraded; Credo Shares Fall
On this episode of Stock Movers:- Target (TGT) forecast better-than-expected profit for the full year, indicating the big-box retailer’s turnaround plans are generating results.Adjusted earnings per share are projected in a range of $7.50 to $8.50 in the current fiscal year, the company said in a statement on Tuesday. The midpoint is above the average of estimates compiled by Bloomberg.- Fitch Ratings downgraded Paramount Skydance’s (PSKY) corporate and long-term borrower ratings to junk following the media company’s agreement to buy larger rival Warner Bros. Discovery Inc…
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