Investing.com - Stocks in focus in pre-market trade Tuesday:
• Twitter stock jumped 3.21% by 08:39 AM ET (12:39 GMT) as JP Morgan raised its price target from $39 to $50 and reiterated its overweight rating on the social media stock.
• Mcdonald's stock rose 0.31% as investors await details on plans for changes to its organizational structure in the U.S. The plan is expected to provide more resources to its franchises and could also include a number of layoffs.
• AT&T stock rose 0.76% as the telecom giant awaits a ruling from the U.S. Justice Department on whether it can proceed with its $85.4 billion takeover of Time Warner.
• Weight watchers stock gained 3.33% as JP Morgan initiated coverage with an overweight recommendation and a price target of $105.
• Lands' End stock soared 11.9% after the lifestyle brand retailer narrowed its quarterly loss to $0.08 a share, beating expectations for a loss of $0.17.
• RH stock (formerly Restoration Hardware) skyrocketed 20% after the luxury home furnishings firm reported better-than-expected profits, a strong fiscal quarter outlook and raised its guidance for 2018.
• Dave & Buster's Entertainment stock soared 13.7% as first quarter sales and earnings beat expectations, while a 4.9% decline in same-store sales topped fears for a larger 5.6% decrease.