February 28, 2017 / 2:22 PM / a year ago

BUZZ-U.S. STOCKS ON THE MOVE-Target, DryShips, Workday, Tenet, Perrigo

* Eikon search string for individual stock moves: STXBZ

* The Day Ahead newsletter: tmsnrt.rs/2ggOmBi

* The Morning News Call newsletter: tmsnrt.rs/2fwPLTh U.S. stocks looked set to open flat on Tuesday, as investors preferred to wait and watch President Donald Trump's first speech to a joint session of Congress for clues on how he planned to implement his policies.

Dow Jones Industrial Average futures were down 0.01 percent at 20,811, S&P 500 futures were down 0.10 percent at 2,366 and Nasdaq 100 futures were up 0.02 percent at 5,348.5.

** TARGET CORP, Monday close $66.91, -13.69 pct premarket

The U.S. retailer forecast a surprise drop in full-year sales at established stores and reported a steeper-than-expected fall in holiday-quarter sales due to “unexpected softness” at its stores.

** WORKDAY INC, Monday close $90.19, -7.03 pct premarket

The human resources software seller beat estimates on top and bottom line in the fourth quarter, but analysts said the company’s full-year guidance was conservative.

“Workday is not showing enough incremental traction outside of its core business to warrant an additional premium to the stock’s current valuation,” Wunderlich Securities analyst said.

** TENET HEALTHCARE CORP, Monday close $22.67, -11.73 pct premarket

The hospital operator’s quarterly revenue fell for the first time in six years and also missed estimates and the company forecast lower-than-expected full-year earnings.

** SEADRILL PARTNERS LLC, Monday close $2.04, -13.73 pct premarket

The offshore rig contractor said it may file for Chapter 11 bankruptcy if no agreement is reached with its lenders.

** PERRIGO CO PLC, Monday close $84.68, -12.14 pct premarket

The drugmaker said it agreed to sell the royalty stream from its multiple sclerosis drug Tysabri to privately held Royalty Pharma for up to $2.85 billion. Perrigo also said it would delay the filing of its annual report until March, and would review past accounting practices, specifically its historical revenue recognition of its Tysabri sales.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $16.71, -5.69 pct premarket

The Canadian drugmaker reported a better-than-expected quarterly profit, helped by lower costs and strength in its Bausch and Lomb eyecare business, but its net loss widened and the company said it was feeling pricing pressure.

The company also posted an about 13 percent fall in its quarterly revenue as sales declined across businesses and realized prices fell.

** SILVER BAY REALTY TRUST CORP, Monday close $18.17, +17.89 pct premarket

The REIT said it would be bought by Tricon Capital Group Inc for $1.4 billion in an all-cash deal.

** FRONTLINE LTD, Monday close $6.73, +3.71 pct premarket

** DHT HOLDINGS INC, Monday close $4.67, +0.64 pct premarket

Frontline said a higher and final offer for rival tanker firm DHT was rejected.

Frontline also reported a net profit of $18.3 million for the fourth quarter, below consensus estimate of $20 million.

** PRICELINE GROUP INC, Monday close $1,632.01, +4.17 pct premarket

The travel website operator reported a 17.4 percent rise in fourth-quarter revenue, driven by higher hotel bookings.

** INTELSAT SA, Monday close $5.87, -8.01 pct premarket

OneWeb Ltd, a U.S. satellite venture backed by Japan’s SoftBank Group Corp, and debt-laden satellite operator Intelsat agreed to merge in a share-for-share deal.

** DRYSHIPS INC, Monday close $1.87, +10.16 pct premarket

The dry bulk shipper on Monday said it will pay $2.5 million to shareholders on record as of March 15, with per share amount to be determined based on outstanding shares as of that date.

** TD AMERITRADE HOLDING CORP, Monday close $43.66, -6.50 pct premarket

** E*TRADE FINANCIAL CORP, Monday close $37.20, -6.18 pct premarket

** CHARLES SCHWAB CORP, Monday close $41.73, -3.79 pct premarket

Fidelity Investments said it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients. Fidelity’s price offers a discount of more than 50 percent when compared with some rivals.

** DOMINO’S PIZZA INC, Monday close $185.42, +0.86 pct premarket

The world’s biggest pizza delivery chain reported a better-than-expected rise in revenue for the fourth quarter, helped by a higher store count and strong sales in the United States and international markets.

** RANGE RESOURCES CORP, Monday close $27.72, -0.43 pct premarket

Raymond James cut its price target on the oil and gas producer’s stock to $42 from $50. (Compiled by Aishwarya Venugopal in Bengaluru; Editing by Maju Samuel)

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