Stocks making the biggest moves in the premarket: Target, Kohl's, AutoZone and more

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Take a look at some of the biggest movers in the premarket:

Target (TGT) — Shares of the big-box retailer rallied 11% in premarket trading after Target said it expects growth to continue even after its pandemic-era gains. Target posted adjusted fourth-quarter earnings of $3.19 per share on revenue of $31 billion. Analysts surveyed by Refinitiv expected a profit of $2.86 per share on revenue of $31.39 billion.

Kohl's (KSS) — Shares of Kohl's rose more than 5% in the premarket after the company gave upbeat guidance for fiscal year 2022. The retailer beat earnings expectations in the fourth quarter but missed the Refinitiv consensus sales estimate.

AutoZone (AZO) — AutoZone shares added 3.6% in early morning trading after a better-than-expected earnings report. The company reported second-quarter earnings of $22.30 per share on revenue of $3.37 billion. Analysts surveyed by Refinitiv had expected a profit of $17.79 per share on revenue of $3.17 billion.

Kroger (KR) — Shares of Kroger rose more than 2% in the premarket 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 (FL) — Foot Locker shares retreated 3% in premarket trading after Goldman Sachs became the latest Wall Street firm to downgrade the athletic retailer after a disappointing update Friday. Barclays and B. Riley on Tuesday both also downgraded Foot Locker.

Workday (WDAY) — Shares of Workday rose more than 7% in premarket trading after the software company beat expectations for its quarterly results. The company reported a profit of 78 cents per share, topping the Refinitiv