Target (TGT) Plans to Exit Canadian Ops; Boosts Q4 Comps Outlook

Target (TGT) PT Raised to $80 at Piper Jaffray

Piper Jaffray analyst Sean Naughton bumped his price target on Overweight-rated Target (NYSE: TGT) to $80.00 (from $76.00) after the company announced it will exit Canada.

Naughton commented, "We are updating our model following today's announcement of Canadian store closures and a positive update on... More

BofA/Merrill Lynch Upgrades Target (TGT) to Neutral

BofA/Merrill Lynch upgraded Target (NYSE: TGT) from Underperform to Neutral with a price target of $80.00 (from $58.00) on the surprise Canada exit.

Given the news, analyst Robert Ohmes sees a more stable outlook for the company. FY 2015 EPS goes from $3.25 to $3.49 and FY 2016... More

Target's (TGT) Exit from Canada Earlier Than Expected, Positive for Capital Deployment, Says Goldman

Target (NYSE: TGT) gained Thursday after the company announced it will exit Canada. In the view of Goldman Sachs analyst Matthew J. Fassler, the announcement isn't a surprise, but the timing is. Overall, he expects a favorable reaction to the news given Target's losses there and increased possibility of more... More

Target (TGT) Canada Exit News Expected, But Positive - Piper Jaffray

Piper Jaffray analyst Sean Naughton weighed in on Target (NYSE: TGT) after the company announced this morning that it will exit Canada.

While positive on the move, Naughton said he believes investors were already valuing shares based on the exit of... More

Target (TGT) Declares $0.52 Quarterly Dividend; 2.8% Yield

Target (NYSE: TGT) declared a quarterly dividend of $0.52 per share, or $2.08 annualized.

The dividend will be payable on March 10, 2015, to stockholders of record on February 18, 2015, with an ex-dividend date of February 13, 2015.

The annual yield on the dividend is 2.8 percent.

For a... More