Target jumps on outlook, Snap gets upgraded to buy, Yandex soars on Uber partnership

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Target (TGT) shares were up sharply this morning after the discount retailer raised its profit and revenue outlook for the second quarter as more people shopped at its stores in April and May. Dow component Walmart (WMT) also higher on the news.

Delta’s (DAL) stock fell in early trading after second quarter earnings missed the mark due to higher costs. The good news is that total revenue jumped 3.3% from last year, matching expectations. Delta credits a rise in traffic for the bump up in revenue.

Snap’s (SNAP) stock got a nice pop in early trading after falling below its IPO price earlier this week. Stifel Nicolaus has turned bullish on the stock, upgrading it to buy from hold, with a price target of $22 a share. The firm believes that the recent sell-off in the stock presents a buying opportunity.

US-listed shares of Yandex (YNDX) soared after the so-called Google of Russia announced it’s merging its ride-hailing operations with Uber in Russia and five neighboring countries.

We’re also tracking shares of Novartis (NVS). A Food and Drug Administration panel unanimously recommended the agency approve a Novartis drug for kids and young adults that’s used to treat a type of blood cancer. The FDA typically follows the recommendations of its panels.

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