+ $1.13
4.5%
Shares of Discover Financial Services rose to $26.34. Lehman Brothers started coverage of the Riverwoods-based credit card company with an “overweight” rating. Discover was spun off from Morgan Stanley at the beginning of the month.
+ $5.70
8.2%
Shares of Abercrombie & Fitch Co. climbed to $75.08. The clothing retailer for teens said June same-store sales rose 2 percent from a year earlier. Analysts had forecast a 2.8 percent decline.
+ $1.43
5.8%
Intel Corp. stock advanced to $26.00. Banc of America Securities LLC increased its stock-price forecast and earnings estimates for the world’s biggest chipmaker.
+ $11.52
7.4%
MasterCard Inc. stock jumped to $167.87. A Lehman Brothers analyst said he expects a “solid” second quarter for the world’s second-biggest credit card company.
+ $4.44
6.8%
Target Corp. stock increased to $70.04. Activist investor William Ackman has accumulated a stake of more than 5 percent in the discount retailer, said a person with direct knowledge of his plans.
+ $4.30
6%
Shares of J.C. Penney Co. rose to $75.46. The department-store chain said June same-store sales fell 1.5 percent. That was smaller than the 3.1 percent decline expected on Wall Street.
