Here are some of the stocks the Yahoo Finance team will be watching for you today.
Twitter's (TWTR) NFL deal earlier this week offered some hope for investors, but Morgan Stanley analyst Brian Nowak is not convinced. Nowak cut his price target on the stock to $16 from $18 a share and slashed user growth by half for the current year. In his note this morning he points out that new user trends "remain troubling" and that core user engagement on the platform "remains on the decline." The investment firm also maintained its underweight rating on the stock.
Yahoo (YHOO) shares were lower in early trading following a Re/code report saying company documents reveal that the Internet giant has been in "a serious free fall." According to the report, Yahoo's revenue is expected to decline by 15% and earnings could drop more than 20%. Yahoo is the parent company of Yahoo Finance.
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Sprint (S), the nation's fourth-largest wireless carrier, signed a deal with several bankrupt entities to sell and then lease back network assets. The deal will help Sprint raise $2.2 billion in cash.
Pacific Sunwear (PSUN) shares sank in early trading after the struggling teen retailer confirmed it's filing for bankruptcy protection. The company said it's working with Golden Gate Capital and Wells Fargo to assist its restructuring. Pacific Sunwear is not alone. Several other major retailers have filed for bankruptcy over the past year, including Sports Authority, American Apparel, Quicksilver and Wet Seal.
Bed Bath and Beyond (BBBY), the home goods retailer, delivered better-than-expected earnings and revenue for its holiday quarter. Even though profit fell from a year ago, revenue rose slightly and the company announced its first quarterly dividend.