Deutsche Bank Staying on the Sidelines in Target (TGT); Starts at Hold
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Price: $154.48 -0.66%
Rating Summary:
20 Buy, 27 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 27 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Analysts at Deutsche Bank initiated coverage on Target (NYSE: TGT) shares with a Hold rating and $50 price target Wednesday afternoon.
While the firm does "commend" management on several outside the box initiatives over the last couple years (blending in P-Fresh and 5%, to name one), Deutsche is concerned macro issues will offset these positives. The firm also feels the Street's current FY12 EPS estimate ($4.22) is overly optimistic.
For more ratings news on Target click here and for the rating history of Target click here.
While the firm does "commend" management on several outside the box initiatives over the last couple years (blending in P-Fresh and 5%, to name one), Deutsche is concerned macro issues will offset these positives. The firm also feels the Street's current FY12 EPS estimate ($4.22) is overly optimistic.
For more ratings news on Target click here and for the rating history of Target click here.
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