Target (TGT) PT Raised to $235 at Telsey Into Q1 Results

May 14, 2021 9:52 AM EDT
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Price: $232.94 +0.55%

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    28 Buy, 10 Hold, 1 Sell

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    Up: 12 | Down: 7 | New: 31
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Telsey analyst Joseph Feldman raised the price target on Target (NYSE: TGT) to $235.00 (from $215.00) while maintaining an Outperform rating, saying they expect strong Q1 results.

The analyst commented, "We are raising our 1Q21 comp and profit estimates to reflect a strong start to the quarter, gains from the second and third US government stimulus checks, benefits from a favorable product mix, and gains from company-specific initiatives, like fresh grocery via Drive Up."

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