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Dividend Aristocrat Target (TGT) Raises Dividend For 50th Straight Year by Delivering a Monster Hike

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Target (TGT) Raises Quarterly Dividend 32.4% to $0.90; 1.5% Yield

June 9, 2021 6:30 AM EDT

Target (NYSE: TGT) declared a quarterly dividend of $0.90 per share, or $3.6 annualized. This is a 32.4% increase from the prior dividend of $0.68.

The dividend will be payable on September 10, 2021, to stockholders of record on August 18, 2021, with an ex-dividend date of August 17,... More

Target (TGT) Gains on Upgrade to 'Buy' at UBS

June 8, 2021 7:55 AM EDT

Shares of Target Corporation (NYSE: TGT) are up about 1% in early Tuesday trading after UBS analyst Michael Lasser upgraded the stock rating to Buy from Neutral.

The analyst believes shares are likely to further benefit from the market sentiment that TGT has been structurally improved.

Its strong positioning will be further evident in the coming quarters as TGT maintains its momentum even as it laps tough compares & stimulus benefits fade. While its guided to pos. comps in 2H20, we think theres still skepticism embedded into the stock. Essentially, this is the why... More

UBS Upgrades Target (TGT) to Buy on Favorable Risk/Reward

June 8, 2021 7:00 AM EDT

UBS analyst Michael Lasser upgraded Target (NYSE: TGT) from Neutral to Buy with a price target of $265.00 (from $210.00).

The analyst comments "Core to our thesis is that as the market continues to see that TGT has been structurally improved, its shares will rally further. Its strong positioning will be further... More