Check out the companies making the biggest moves in premarket trading: Target – Shares surged nearly 14% after the retail giant beat revenue and earnings expectations in for its third quarter, helped by purchases in high-frequency categories such as food and beauty helped boost otherwise weaker consumer spending. An earnings per share target of $2.10 compared to the $1.48 expected, according to LSEG. Revenue of $25.4 billion was above estimates of $25.24 billion. TJX Companies – The retailer showed 2.4% despite reporting and an earnings and revenue hit. Third-quarter earnings per share came in at $1.03 compared with the 99 cents expected by analysts polled by LSEG. Revenue of $13.27 billion was above estimates of $13.09 billion. Sirius XM – Shares rose 8.6% after billionaire investor Warren Buffet revealed in a regulatory filing that he bought 9.7 million shares of Sirius XM in the third quarter. Generac – The stock added 3.5% after being upgraded to neutral from underperform by Bank of America. The bank said it sees “less persistent risks” into next year than it previously believed. Advance Auto Parts – Shares slipped 1.8% after the auto parts retailer reported a third-quarter earnings-per-share loss of 82 cents and cut earnings per share guidance for the year to $1.40 to $1.80 from $4.50 to $5.10. Advance Auto Parts also said it has begun a potential relocation of two of its businesses. JD.com – Shares of the Chinese e-commerce company jumped more than 4% after posting a record high and low for the third quarter. The company reported $1.09 billion in net profit for the quarter, which marked a 33% year-over-year increase. Management cited price competitiveness and supply chain benefits for its strong results. Energizer – The stock slipped nearly 4%, a day after gaining 7.4% on an earnings beat. On Wednesday, JPMorgan downgraded Energizer to overweight from neutral, citing the company’s weaker-than-expected guidance for its fiscal first quarter and full year. Holley – Shares jumped 10.4% after being upgraded to buy from hold by Jeffries. The company said the auto afterproducts company’s stock is trading at a significant discount to its historical average. VF Corp – Apparel stock gained 3.9% in premarket trading. JPMorgan on Wednesday upgraded shares of VF Corp to neutral from overweight, saying the risk/reward profile of the company behind The North Face and Vans brands has improved. The stock is down 43% this year. – CNBC’s Hakyung Kim, Sarah Min, Tanaya Macheel added reporting.
