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., a deal that will saddle the combined business with $79 billion in net debt.
- Credo Technology (CRDO) shares drop after the communications equipment company reported revenue for the third quarter that matched its preliminary results announced in February.

On this episode of Stock Movers: - Target (TGT) forecast better-than-expected profit for the full year, indicating the big-box retailer&rsquo;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&rsquo;s (PSKY) corporate and long-term borrower ratings to junk following the media company&rsquo;s agreement to buy larger rival Warner Bros. Discovery Inc., a deal that will saddle the combined business with $79 billion in net debt. - Credo Technology (CRDO) shares drop after the communications equipment company reported revenue for the third quarter that matched its preliminary results announced in February.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Target Surprises With Upbeat Forecast; Paramount Debt Downgraded; Credo Shares Fall

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d27d4038-5f69-4f96-9a9c-b40200c648c4/transcript