Stocks finished higher Thursday as investors took comfort in a dip in weekly jobless claims and looked past disappointing tech earnings.
Here are some of the big movers in the stock market on Thursday:
1. Darden Restaurants | Percentage Increase 6%
Darden Restaurants (DRI) - Get Darden Restaurants, Inc. Report advanced after Piper Sandler analyst Nicole Miller Regan raised her price target on shares of the owner of Olive Garden and other brands to $135 from $123.
The analyst kept an overweight rating on the shares after meeting with management.
2. Snap | Percentage Increase 8.5%
Snap (SNAP) - Get Snap, Inc. Class A Report shares jumped after analysts at Evercore placed Snapchat's parent on its Tactical Outperform list and after peer social-media major Facebook (FB) - Get Meta Platforms Inc. Class A Report posted strong earnings.
Evercore also raised its price target on Snap, the Santa Monica, Calif., parent of the graphics-focused social-media site, to $57 a share from $42.
3. American Airlines | Percentage Increase 9.3%
American Airlines Group (AAL) - Get American Airlines Group, Inc. Report shares soared the most in more than two years in heavy trading volume after the biggest U.S. carrier posted a narrower-than-expected fourth-quarter loss amid the ongoing interest in heavily shorted stocks on Wall Street.
4. Sallie Mae | Percentage Increase 14%
The company reported net income of $431 million, or $1.13 a share, compared with $137 million, or 32 cents, a year earlier.
5. Diageo | Percentage Increase 4.7%
Diageo, maker of Johnnie Walker Scotch whisky and owner of Guinness, benefited from a strong performance in the U.S., where it generates 80% of sales from off-license retail and grocery stores.