Jefferies Raises PT and Estimates on Target (TGT); Hitting the Target
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Price: $165.44 +4.54%
Rating Summary:
20 Buy, 27 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 27 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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