Jefferies Raises PT and Estimates on Target (TGT); Hitting the Target
Tweet Send to a FriendGet Alerts TGT Hot Sheet
Price: $71.06 +1.51%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade TGT Now!
Jefferies maintains a 'Buy' on Target (NYSE: TGT) price target of $74.00 (from $67.00).
Analyst, Daniel Binder, said, "We continue to like TGT for its loyalty and traffic driving initiatives in a low unit growth world. TGT posted upside in EPS, reflecting better-than-expected pretax contribution from credit and a favorable tax rate. Revenue and GM% were in line with our expectation. FY guidance was raised to $4.20-$4.40, up from $4.10-$4.30. Early Q3 trends suggest a continuation of L-MSD comp store sales increases, in line with guidance."
Current Qtr EPS estimate raised from $0.78 to $0.80; FY13 from $4.30 to $4.38 and F14 from $4.87 to $4.90.
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 $64.50 yesterday, with a 52 week range of $47.25-$64.99.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Daniel Binder, said, "We continue to like TGT for its loyalty and traffic driving initiatives in a low unit growth world. TGT posted upside in EPS, reflecting better-than-expected pretax contribution from credit and a favorable tax rate. Revenue and GM% were in line with our expectation. FY guidance was raised to $4.20-$4.40, up from $4.10-$4.30. Early Q3 trends suggest a continuation of L-MSD comp store sales increases, in line with guidance."
Current Qtr EPS estimate raised from $0.78 to $0.80; FY13 from $4.30 to $4.38 and F14 from $4.87 to $4.90.
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 $64.50 yesterday, with a 52 week range of $47.25-$64.99.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Goldman Sees Blockbuster Potential for Bristol-Myers Squibb's (BMY) Nivolumab (PD-1)
- UPDATE: Leerink Swann Upgrades Bristol-Myers Squibb Co. (BMY) to Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
