Benzinga’s Transient On Trending Tickers: Lyft, Toll Brothers, Dick’s Sporting Items And Extra

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Petrol Gas “Daily Brief on Trending Tickers” highlights and uses the most searched tickers from across the web Gasoline Pro Platform to highlight breaking news that may impact these stocks.

Trend Ticker data is compiled from a list of the most discussed tickers on the popular Reddit forum WallStreetBets.

Lyft, Inc. LYFT Lyft shares fell 17.3% to close at $16.72 on Tuesday after news the ride-sharing company announced it would implement a hiring freeze modeled after competitor Uber and citing economic challenges.

Bernstein analyst Nikhil Devnani gave Lyft a hold rating and lowered its price target to $22 from $30.

Nordstrom, Inc. JWN Shares traded 3% higher during Wednesday’s premarket session after the company reported first-quarter revenue growth of 18.6% year over year to $3.57 billion, beating Street’s estimates of 3, had surpassed US$28 billion. The Board of Directors approved a $500 million share repurchase program.

Deutsche Bank analyst Paul Trussell kept Nordstrom on hold and raised the price target to $32 from $31.

Dick’s Sporting Goods Inc DCS Shares are trading 11.86% lower on Wednesday morning after the company reported first-quarter sales fell 7.5% to $2.7 billion, beating Street’s estimate of $2.59 billion surpassed US dollars. The company reported adjusted quarterly earnings of $2.85 per share, beating the estimate of $2.47 per share.

Bank of America held Dick’s with a strong buy and cut the price target to $130 from $160.

Wendy’s Co WHOM Shares rose 9.4% on Wednesday morning after a regulatory filing showed a billionaire Nelson fur is considering a possible takeover bid for the company.

Morgan Stanley kept Wendy’s with a hold rating and lowered its price target to $22 from $25.

Intuit Inc INTU Shares traded 2.38% higher on Wednesday morning after the company said third-quarter revenue rose 35% year over year to $5.6 billion, beating Street’s estimate of 5.51 exceeded billions of dollars. The company reported adjusted quarterly earnings of $7.65 per share, beating the estimate of $7.58 per share.

Morgan Stanley analyst Keith Weiss kept Intuit with a Strong Buy rating and lowered the price target to $550 from $720.

Toll Brothers Inc TOL Shares rose 3.24% Wednesday morning after the company reported quarterly sales of $2.28 billion, beating Street’s estimate of $2.06 billion.

JPMorgan analyst Michael Rehaut kept Toll Brothers with a hold rating and lowered the price target to $51 from $58 on April 13, 2022.