Target shares plunge after sales, outlook disappoint

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Go back to Target shares plunge after sales, outlook disappoint

Cowen Raises Price Target on Wal-Mart (WMT) Following a Positive 1Q

May 19, 2016 3:44 PM EDT

Cowen reiterated a Market Perform rating on Wal-Mart (NYSE: WMT), and raised the price target to $70.00 (from $64.00), following the company's 1Q earnings report. Walmart posted US comps of +1.0%, above the Street's +0.5% estimate and management.'s guidance of +0.5%. Management. noted in the pre-recorded... More

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

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