Sector Update: Consumer Shares Mixed Pre-Market; Southwest Upgraded to Buy at Stifel

By
A A A

Top Consumer Shares:

WMT: +0.21%

MCD: -0.02%

DIS: +0.12%

CVS: flat

KO: flat

GE: -0.07%

Consumer shares were mixed in pre-market trade on Tuesday.

In consumer stocks news, Southwest Airlines Company ( LUV ) has been upgraded by analysts at Stifel Nicolaus to buy from hold.

The firm set its price target on the stock at $30, which represents a potential upside of 15% from its current market price. Shares of LUV were up about 1% within a 52-week frame of $12.58 - $27.70.

And, Virco Manufacturing Co. ( VIRC ) reported a narrower Q1 loss on an increase in sales.

The furniture maker's Q1 loss fell 16% from a year earlier to $0.26 a share from $0.31. Analyst estimates

weren't available for the company.

The company's revenue rose 18% from the prior year to $23.5 million, according to a statement.

Finally, Tesla Motors ( TSLA ) will keep its five retail locations in New York state under legislation signed by New York Governor Andrew Cuomo. The measure strengthens auto dealer franchise protections and will allow additional retail locations for Tesla.

TSLA was trading down about 0.6% at $223.32.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: LUV , VIRC , TSLA

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com