Target

Piper Sandler analyst Edward Yruma reiterated the Overweight rating on Target Corporation (NYSE:TGT) with a price target of $180. TGT has added $30 billion in revenue from 2019 to 2023E (38% growth vs 23% at Walmart Inc. (NYSE: WMT)) and has been focused on improving operational efficiency and discipline in 2023 – the analyst expects continued gains next year. TGT is well positioned to lean into improving medium-term discretionary trends – the analyst says, “the stock remains one of our favorite ideas for 2024.” TGT is working to standardize work processes and reduce unnecessary complexity, which is helping drive higher NPS scores as well as better financial performance, per the analyst. TGT is seeing greater cooperation with law enforcement and has brought in third party security specialists. Passive antitheft devices have been installed when necessary, the analyst notes. TGT continues to add new brands within home and baby, and this […]

RBC Lowers Price Target on Target to $157 From $161, Notes ‘Trends Seemingly Decelerated’ Through Fiscal Q3, Keeps Outperform Rating。

B of A Securities analyst Robert Ohmes upgrades Target (NYSE:TGT) from Neutral to Buy and raises the price target from $120 to $135.

Target Maintains Dividend at $1.10 per Share; Payable on Dec. 10 to Shareholders of Record on Nov. 15.

Target (NYSE:TGT) CFO Says June Comp Sales Fell 7%, July Down 5%。

Target (NYSE:TGT) Lowers FY2023 Adj. EPS Guidance From $7.75-8.75 to $7.00-8.00 Vs, $7.79 Estimate.

Target (NYSE:TGT) reported fiscal Q2 adjusted earnings  of $1.80 per diluted share, up from $0.39 a year earlier. Analysts polled by Capital IQ expected $1.42. Revenue for the quarter ended July 29 was $24.77 billion, compared with $26.04 billion a year earlier. Analysts surveyed by Capital IQ expected $25.23 billion. For fiscal Q3, the retailer said it expects adjusted EPS of $1.20 to $1.60 and comparable sales to decline by mid-single digits Analysts surveyed by Capital IQ project EPS of $1.84 for the quarter on revenue of $26.12 billion. For fiscal 2023, the company said it now expects adjusted EPS of $7 to $8, from the prior outlook of $7.75 to $8.75, and comparable sales to decline in a wide range around mid-single digits for the remainder of the year, from its previously announced guidance range from low-single digit declines to low-single digit increases. Analysts polled by Capital IQ expect