Cowen Cuts Price Target as Target (TGT) Reduces 2H Outlook
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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
ADTRAN, Inc. (ADTN) Adds Target's Jackie Rice as Director
August 17, 2016 2:22 PM EDTADTRAN®, Inc., (Nasdaq: ADTN) announced that Jacqueline (Jackie) Hourigan Rice, Targets EVP and chief risk and compliance officer, has joined ADTRANs board of directors. Rice assumes the seat of retiring board member Roy Nichols, who has served as a member of ADTRANs board of directors since 1994. Nichols has served as lead director and most recently as a member of the... More
Target (TGT) call put ratio 1 call to 4 puts after cutting full-year profit forecast
August 17, 2016 12:19 PM EDTTarget (NYSE: TGT) August 72 and 72.5 puts are active on total put volume of 90K puts (22K calls) after the retailer slashed its full-year profit forecast on worse than expected same-store sales. August call option implied volatility is at 28, September is at 18; compared to its 52-week range of 16 to 41.
... MoreCowen 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
Pre-Open Stock Movers 8/17: (SKYS) (SCYX) (NVIV) Higher; (STEM) ((JASO) (CREE) Lower
August 17, 2016 9:27 AM EDTSky 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 EDTBy 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.
... MoreTarget (TGT) Tops Q2 EPS by 11c; Comps Fell 1.1%; FY16 EPS Outlook Trimmed
August 17, 2016 6:31 AM EDTTarget (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 EDTTarget (NYSE: TGT) August 75.50 straddle priced for 4.3% movement into Q2
... MoreTrading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report
August 16, 2016 2:28 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EDT
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 EDTMKM 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
