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

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

August 18, 2016 11:50 AM EDT

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

August 17, 2016 3:18 PM EDT

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

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

August 17, 2016 9:42 AM EDT

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

Pre-Open Stock Movers 8/17: (SKYS) (SCYX) (NVIV) Higher; (STEM) ((JASO) (CREE) Lower

August 17, 2016 9:27 AM EDT

Sky Solar Holdings, Ltd. (Nasdaq: SKYS) 34.9% HIGHER; announced that the Company entered into a Letter of Intent with Solar Partnership Capital Ltd (Solar Partnership or SPC), a non-affiliate of the Company in certain Japanese projects, pursuant to which Solar Partnership confirmed its intention to acquire interests it currently does not own in 152 MW of solar projects from Sky Solar Japan K.K. (SSJ) and to take on certain specified liabilities associated with respect to those projects (the Transaction Assets) for a total purchase price of JPY17 billion (approximately $US165 million), subject to certain... More

Target says low demand for Apple products hurts electronics sales

August 17, 2016 6:45 AM EDT

By Nandita Bose and Siddharth Cavale

(Reuters) - Target Corp reported a drop in demand for Apple Inc's products that hurt the retail chain's electronics sales in the second quarter, but said it is working with the iPhone maker to capitalize on new product launches during the second half.

Earlier on Wednesday, Target cut its fiscal-year profit outlook after quarterly sales fell more than expected due to lower demand for electronics and a weak start to a revamp of its grocery business.

The company's shares closed down 6.4 percent at $70.63 after falling as much as 7.4 percent.

... More

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

August 17, 2016 6:31 AM EDT

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

Target (TGT) August 75.50 straddle priced for 4.3% movement into Q2

August 16, 2016 3:34 PM EDT

Target (NYSE: TGT) August 75.50 straddle priced for 4.3% movement into Q2

... More

Trading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report

August 16, 2016 2:28 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

Earnings:

American Eagle Outfitters (NYSE: AEO) - consensus EPS $0.21
Analog Devices (Nasdaq:... More

MKM Partners Remains Sidelined on Target (TGT) and Wal-mart (WMT) Ahead of 2Q Reports

August 15, 2016 11:46 AM EDT

MKM Partners reiterated Neutral ratings on both Target (NYSE: TGT) and Wal-mart (NYSE: WMT) ahead of 2Q results. Price targets for both companies have been raised, with TGT up to $78.00 (from $73.00) and WMT to $71.00 (from $67.00).

Analyst... More