Target (TGT) Strikes Healthy Balance on Sales and Profits
Following the retailer's Q3 earnings report, MKM Partners maintained a Buy on Target (NYSE: TGT) with a price target of $74.00.
Analyst Patrick McKeever described Target's results as "largely expected". Going forward, he expects healthy retail profitability to continue.
"Target's ability to maintain high retail margins suggests the company continues to strike the right sales/profit balance with its key initiatives," said McKeever.
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 $62.44 yesterday, with a 52 week range of $47.25-$65.80.
Analyst Patrick McKeever described Target's results as "largely expected". Going forward, he expects healthy retail profitability to continue.
"Target's ability to maintain high retail margins suggests the company continues to strike the right sales/profit balance with its key initiatives," said McKeever.
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 $62.44 yesterday, with a 52 week range of $47.25-$65.80.