Target (TGT) Tops Q1 EPS by 10c; Guides Q2 EPS Below Views

UBS Remains Sidelined on Target (TGT) Following 1Q Report - PT to $73

May 19, 2016 9:53 AM EDT

UBS maintained a Neutral rating on Target (NYSE: TGT), and cut the price target to $73.00 (from $82.00), following the company's 1Q earnings report.

Analyst Michael Lasser commented, "Based on TGT's commentary about its sales by region since Easter, it seems very... More

Piper Jaffray Cuts Price Target on Target (TGT) Following 1Q

May 19, 2016 7:59 AM EDT

Piper Jaffray maintained an Overweight rating on Target (NYSE: TGT), and cut the price target to $86.00 (from $87.00), following the company's 1Q earnings report.

Analyst Sean Naughton commented, "Target had a solid first quarter and clearly has been taking share, but... More

Target's (TGT) Price Target Trimmed at Deutsche Bank

May 18, 2016 1:46 PM EDT

Deutsche Bank maintained a Hold rating on Target (NYSE: TGT) and trimmed its price target to $78.00 (from $84.00). The change follows Q1 results and guidance. Analyst Paul Trussell said results add to near term concerns about the health of the U.S. consumer.

"The Target management team has executed adeptly over the past 18 months, so were not surprised to... More

Target (TGT) May Be Feeling the Pinch from its Transgendered Policy

May 18, 2016 12:34 PM EDT

Target (NYSE: TGT) shares are under heavy pressure Wednesday (-7.8%) after posting a mixed first quarter, with EPS beating but revenues missing analysts expectations. However, it was the second quarter guidance that gave investors pause. The company said it sees second quarter EPS of $1.00 - $1.20,... More

Cowen Affirms Target (TGT) at 'Outperform'; Q1 Comps, Q2 Outlook Light, But Traffic Still Seeing Gains

May 18, 2016 11:28 AM EDT

Cowen and Company affirms Target (NYSE: TGT) at Outperform with a price target of $88 following Q1 results, but light outlook.

Analyst Oliver Chen noted that Q1 comps of up 1.2 percent came in below the consensus estimate of a 1.7 percent gain. We're encouraged... More

Target shares plunge after sales, outlook disappoint

May 18, 2016 8:00 AM EDT

By Nandita Bose

CHICAGO (Reuters) - Retail chain Target Corp (NYSE: TGT) gave a cautious outlook on Wednesday after reporting a lower-than-expected increase in quarterly sales due to unseasonable weather and weaker demand for electronics and groceries.

Shares of the company fell as much as 11 percent, their biggest intraday decline since December 2008, as investors focused on weaker revenues and a poor outlook despite higher-than-expected earnings.

Target's woes also encouraged investors to sell shares of rival retailers like Macy's (NYSE: M), JC Penney (NYSE:... More