Stocks making the biggest moves midday: Target, Kroger, Foot Locker and more

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Check out the companies making headlines in midday trading.

Target – Shares of the retailer jumped 11% after the company reported 9% sales growth in the fiscal fourth quarter, despite supply chain pressures, and said it's poised to keep that momentum going. Target also issued revenue guidance with growth in the low to mid- single digits and projected adjusted earnings per share to rise by high single digits in the year ahead.

Kroger — Shares of Kroger rose more than 2% after Telsey upgraded the grocery store chain ahead of its earnings report. «We believe we have higher visibility and confidence into Kroger's multi-year omni-channel growth runway,» Telsey's Joseph Feldman said.

Foot Locker – The athletic retailer saw shares fall 7.5% after Goldman Sachs downgraded the stock to neutral from buy, saying it sees too much near-term pressure on the stock. The downgrade follows Foot Locker's announcement that it will sell fewer Nike products.

AutoZone – The retail stock dipped 2% despite AutoZone beating expectations for earnings and revenues for its fiscal second quarter. The company's same-store sales jumped 13.8% year over year.

Workday — Shares of Workday popped 7% in midday trading after beating on the top and bottom lines of its quarterly earnings results. The company also raised guidance for its fiscal year 2023 subscription revenue to be in a range of $5.53 billion to $5.55 billion, reflecting year-over-year growth of 22%.

Lucid Group — Shares of the electric carmaker plunged more than 15% in midday trading after reporting a wider-than-expected loss of 64 cents per share, while analysts expected a loss of 25 cents per share, according to Refinitiv. Revenue came in at $26.4 million, below the forecast