Target cuts earnings forecast due to weak holiday sales
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January 18, 2017 1:25 PM EST
MKM Partners maintained a Neutral rating on Target (NYSE: TGT), and cut the price target to $70.00 (from $77.00), following the company's reported holiday sales and lowered 4Q16 guidance. Same-store sales for November-December decreased 1.3% vs. prior estimate of flat for all of 4Q16. Digital sales grew more... More
January 18, 2017 10:19 AM EST
Buckingham Research analyst John Zolidis lowered estimate and his price target Buy-rated Target (NYSE: TGT) to $77.00 (from $85.00) following the retailer's holiday update and lower Q4 guidance.
Zolidis commented, "We are maintaining our BUY rating on shares of Target Corp. but cutting our PT to $77 from $85. Our investment case for TGT revolved around the companys ability to offset pressure from e-commerce... More
