Target, Electronic Arts, Corning are market movers

[October 07, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Target Corp., up $2.15 at $51.91

The discount retailer said September revenue rose 5.3 percent at stores open a year on higher sales of groceries and clothing.

Constellation Brands Inc., up $1.68 at $20.40

The wine and spirits maker said its second-quarter profit jumped 78 percent on price hikes and improved sales in North America.

Blount International Inc., up 54 cents at $14.42

A KeyBanc analyst kept his "Buy" rating on the outdoor equipment parts maker saying that a recent acquisition is a strong fit.

99 Cents Only Stores, up $1.55 at $20.05

The New York Post reported that private-equity firm Ares Capital Management may offer $22 a share to buy the discount chain.

Corning Inc., up 90 cents at $13.50

The specialty glass maker said it plans to repurchase up to $1.5 billion of its shares and raise its quarterly dividend 50 percent.

Nasdaq

Electronic Arts Inc., up $1.60 at $22.56

A Wedbush analyst said that the video game publisher's shares will get a boost from upcoming titles such as "Battlefield 3."

Wet Seal Inc., down 58 cents at $4.05

The teen retailer said that revenue at stores open at least a year fell 0.3 percent in September as sales dropped after Labor Day.

Express Scripts Inc., up $4.08 at $40.02

The pharmacy benefits manager gave a more optimistic three-year outlook of its business despite cutting its 2011 profit guidance.

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.