Target (TGT) Tops Q2 EPS by 11c; Comps Fell 1.1%; FY16 EPS Outlook Trimmed
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Morgan Stanley Cuts Estimates as Target (TGT) Reports Tough 2Q Comps
August 18, 2016 11:50 AM EDTMorgan 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
August 17, 2016 3:18 PM EDTCowen 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
August 17, 2016 9:48 AM EDTCowen 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
August 17, 2016 9:42 AM EDTPiper 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
