Bath & Body Works, Norwegian Cruise Line, Macy’s and more | Catch My Job

Take a look at the companies making headlines in midday trading.

Bath & Body Works – Shares of Bath & Body Works rose 24% after reporting earnings per share that were more than double what analysts expected. The retailer also raised its EPS guidance for the full year.

Norwegian Cruise Line – Cruise ship shares fell 6% after a double downgrade from Credit Suisse to a negative rating. The bank said the shares were trading at a premium and that investors could find better value in their cruise peers.

Macy’s — Shares of Macy’s rose 14% after the department store reported profit and revenue that beat Wall Street expectations. It also raised its earnings forecast for the year but left its revenue guidance unchanged.

BJ’s Wholesale – Shares fell 6% despite the company reporting top- and bottom-line declines and raising its full-year EPS guidance. BJ’s also beat expectations for comparable store sales.

Alibaba – The multinational e-commerce company jumped 7.8% after reporting mixed earnings that beat earnings expectations but missed revenue. He also increased share buybacks.

Kohl’s — The retailer’s shares rose 3% after Kohl’s topped earnings per share expectations in its latest quarterly results, according to Refinitiv consensus estimates. However, the department store chain withdrew its full-year guidance, citing a difficult economic backdrop.

Quest Diagnostics – The lab diagnostics company lost 2.2% after Citi downgraded the stock to sell from neutral as it sees risks to business growth and rising costs.

CytomX Therapeutics – The biopharmaceutical company surged 31% after announcing a research project with Regeneronwhich increased by 0.7%.

Cisco Systems – Cisco added 4.6% after its quarterly report showed top- and bottom-line declines and a positive outlook.

Target – Target shares rose 3%, a day after losing 13%. On Wednesday, the retailer reported that its third-quarter profit fell by about 50% and lowered its outlook for the fourth quarter. Despite those results, Piper Sandler still believes the stock is “compelling” and upgraded it to overweight from neutral on Thursday. Deutsche Bank, however, downgraded Target to hold from buy.

Traeger — Shares of grill maker Traeger jumped 4.7% Thursday after Canaccord initiated coverage on the stock with a buy rating, citing brand name recognition in wood pellet grills.

— CNBC’s Samantha Subin, Sarah Min, Carmen Reinicke and Michelle Fox contributed reporting