Target Falls, Lowe's Deal, Estee Lauder Shares Slide
On this episode of Stock Movers:- Target (TGT) shares fell 6.7% in premarket trading after it reaffirmed its sales forecast for the full year, saying it still sees a sales decline of low-single digit percentage compared to the average analyst estimate of 1.71% decline. The big box retailer also named current Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as the company’s next CEO. - Lowe’s (LOW) entered into a definitive agreement to acquire Foundation Building Materials, a North American distributor of interior building products, serving large residential and…
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