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Target leaving IndyCar sponsorship

INDIANAPOLIS (WISH) – Target is leaving IndyCar sponsorship, and Angie’s List surprises investors in a good way.

Target has sponsored an IndyCar team for 27 years with Chip Ganassi.

However, Target announced that it will end at the end of this season. The Minneapolis Star Tribute said it will continue to sponsor Nascar.

Target said it just wants to inject some newness into its sports marketing.

In other business headlines, Angie’s List swings to a profit and the stock was one of the biggest movers, up almost 12 percent.

That’s because profit was higher than expected at the Indianapolis based company.

The company is positive going forward too as it said its research shows millennial homeowners plan to spend as much or more than older generations in improvements on their homes.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.