Target and Red Robin sink while Lowe’s and Tiffany jump

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:

Target Corp., down $4.30 to $71.17

The retailer’s profit dropped as it made big investments in its business.

United Technologies Inc., down 29 cents to $127.58

The maker of elevators, jet engines and other products plans to hire 35,000 people and invest more than $15 billion in the U.S. over the next five years.

Lowe’s Cos., up $8.94 to $94.69

The home improvement retailer raised its annual sales forecast.

Tiffany & Co., up $23.81 to $126.05

The jewelry retailer reported a bigger profit and better sales than analysts expected.

Red Robin Gourmet Burgers Inc., down $10.55 to $47.40

The burger chain’s quarterly profit and sales fell far short of Wall Street estimates.

Hewlett Packard Enterprise Co., down $1.83 to $15.58

The data center hardware maker had a strong quarter but gave up some of its gains from earlier in the year.

Comcast Corp., down 63 cents to $31.88

The cable company said it’s preparing an all-cash offer for most of Twenty-First Century Fox.

Ralph Lauren Corp., up $16.72 to $133.33

The clothing company had a strong fiscal fourth quarter and said it expects profit margins to improve this year.

This article provided by NewsEdge.