MKM Partners Remains Sidelined on Target (TGT) and Wal-mart (WMT) Ahead of 2Q Reports

August 15, 2016 11:46 AM EDT
Get Alerts TGT Hot Sheet
Price: $77.94 +0.15%

Rating Summary:
    7 Buy, 22 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade TGT Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

MKM Partners reiterated Neutral ratings on both Target (NYSE: TGT) and Wal-mart (NYSE: WMT) ahead of 2Q results. Price targets for both companies have been raised, with TGT up to $78.00 (from $73.00) and WMT to $71.00 (from $67.00).

Analyst Patrick McKeever commented, "Both stocks have been strong recently along with the rest of retail and the market, but we don't think much has changed fundamentally. We wouldn't be surprised by upside EPS at Walmart but think the potential for improving comps is greater with Target, given new merchandise lines in children's, improvements in grocery, and benefits from the CVS (NR, $97.43) partnership. We note the 3+ point valuation gap, with TGT at 13.5x our 2017 EPS estimate and WMT at 16.6x."

For an analyst ratings summary and ratings history on Target click here. For more ratings news on Target click here.

Shares of Target closed at $75.81 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Add Your Comment