Target comp sales beat shows turnaround efforts gaining traction
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February 26, 2016 7:23 AM EST
Piper Jaffray reiterated a Neutral rating on Ralph Lauren (NYSE: RL), and cut the price target to $82.00 (from $94.00), following the company's announcement that the President of Global Brands, Chris Peterson, will be leaving the company. Mr. Peterson's departure is on the heels of Jacki Nemerov's departure (the former COO). Piper Jaffray believes his... More
February 25, 2016 8:23 AM EST
Piper Jaffray maintained an Overweight rating on Target (NYSE: TGT), and cut the price target to $81.00 (from $84.00), following the company's 4Q. Traffic continues to be the main driver, and was up for the 5th straight quarter. Management expects FY17 comps in the... More
February 24, 2016 11:32 AM EST
Wells Fargo reiterated an Outperform rating on Target (NYSE: TGT) following the company's 4Q earnings results. Q4 adjusted EPS of $1.52 missed the consensus of $1.54, but was within the company's guidance range of $1.48 to $1.58. TGT provided Q1 EPS guidance of $1.15-$1.25 vs the Street at $1.20.
Analyst Matt Nemer commented, "Q4 adjusted EPS of $1.52 missed... More
