Jefferies Reviews Same-Store Sales on Target (TGT); Low End, But Trends Less Volatile and Food Still Strong

Jefferies maintains a 'Hold' on Target (NYSE: TGT) price target of $67.00.

Analyst, Daniel Binder, said, "At 2.1%, SSS were at the lower end of expectations. However, on a two-year basis they have been more consistent. Food continues to be the strongest performer but we expect food contribution to come down through the year and mix to improve. Credit metrics were slightly better than the boost expected from seasonality. Target is still indicating it is not seeing incremental price pressure from Wal-Mart (NYSE: WMT)."

Note Target did reiterate Q2 sales and EPS guidance

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 $57.15 yesterday.

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