Target Reports Second Quarter 2016 Earnings

Morgan Stanley Cuts Estimates as Target (TGT) Reports Tough 2Q Comps

Morgan Stanley reiterated an Underweight rating on Target (NYSE: TGT), and cut the price target to $64.00 (from $67.00), following the company's 2Q earnings report. TGT reported its second consecutive quarter of underwhelming comps & top-line guide down. Morgan Stanley expects EBITDA margins to contract 100 bps to... More

Cowen Cuts Price Target as Target (TGT) Reduces 2H Outlook

Cowen Maintained an Outperform rating on Target (NYSE: TGT), and cut the price target to $75.00 (from $81.00), as the company reduces 2H comp outlook.

Analyst Oliver Chen commented, "We lower EPS due to TGT's reduced 2H comps outlook & our PT to $75 (was $81)... More

Cowen Reiterates Outperform on Target (TGT) Following 2Q Earnings Release

Cowen reiterated an Outperform rating and $81.00 price target on Target (NYSE: TGT) following the company's 2Q earnings report. TGT beat estimates by +11c driven by better than expected GM, lower than expected SG&A, and slightly better sales.

Analyst Oliver Chen commented, "FY16 EPS... More

Piper Jaffray Remains Bullish on Target (TGT) Following 2Q EPS Beat

Piper Jaffray reiterated an Overweight rating and $86.00 price target on Target (NYSE: TGT) following the company's 2Q earnings report. TGT reported an $0.11 EPS beat, while comps were down 1.1%. Comparable sales in both Q3 and Q4 are expected down 2% to flat compared to current Street... More

Target (TGT) Tops Q2 EPS by 11c; Comps Fell 1.1%; FY16 EPS Outlook Trimmed

Target (NYSE: TGT) reported Q2 EPS of $1.23, $0.11 better than the analyst estimate of $1.12. Revenue for the quarter came in at $16.2 billion versus the consensus estimate of $16.18 billion.

Comps fell 1.1 percent, versus a drop of 1 percent expected.

GUIDANCE:

Target sees... More