Target's (TGT) Holiday Performance Turns Walmart (WMT) Investors Green
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January 9, 2018 10:13 AM EST
Stifel analyst Mark Astrachan raised his price target on Target (NYSE: TGT) to $75.00 (from $62.00) while maintaining a Hold rating after the company reported 3.4% comp growth for November/December, above the expected 0%-2%. Initial F2018 guidance includes low-single digit comp growth and EPS of... More
January 9, 2018 7:02 AM EST
Target Corporation (NYSE: TGT) today announced that its comparable sales in the combined November/December period grew 3.4 percent, compared with the expected range of 0 to 2 percent. Comparable sales across all of the Company's core merchandise categories Home, Apparel, Food & Beverage, Hardlines and Essentials were positive and accelerated from the third quarter, reflecting strong traffic growth, positive store comps and continued strength in digital sales. Target now expects 2017 will be the fourth consecutive year in which its digital sales grow more than 25... More
