Target (TGT) Sinks Nearly 9% as Holiday Comps Miss
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Cowen Defends Target (TGT)
January 15, 2020 11:06 AM ESTCowen analyst Oliver Chen reiterated an Outperform rating and $150.00 price target on Target (NYSE: TGT) following the Holiday sales miss. He said there is still much to like and maintained the stock as its 2020 Best Idea.
Chen commented, "Our take is that... More
Target (TGT) Holiday Comps Increase 1.4%, Missing Views; Maintains Q4 EPS Guidance, Trims Q4 Comps Forecast
January 15, 2020 6:31 AM EST(Updated - January 15, 2020 6:33 AM EST)
Comparable sales grew 1.4 percent in the November/December period, on top of 5.7 percent comp growth last year. While sales were below expectations, the Company is maintaining its previous guidance for fourth quarter earnings per share. (*** consensus was 3.8%)The fourth quarter is on track to be the Company's 11th straight quarter of comparable sales growth.Comparable digital sales grew 19 percent in the November/December period.Sales through Target's same-day fulfillment services (Order Pick Up, Drive Up and Shipt) grew more... More
