Target (TGT) Stock Surges 15% on EPS and Outlook Beat,, Analysts Impressed
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Target (TGT) PT Lowered to $252 at Jefferies
March 2, 2022 7:58 AM ESTJefferies analyst Stephanie Wissink lowered the price target on Target (NYSE: TGT) to $252.00 (from $260.00) while maintaining a Hold rating following results.
The analyst commented, "Q4 comps were light at +9% driven fully by traffic but margins were better, leading to Q4 EPS beat.... More
Target (TGT) PT Raised to $290 at JPMorgan, 'More Upside Expected in Near Term'
March 1, 2022 5:33 PM ESTJPMorgan analyst Christopher Horvers raised the price target on Target (NYSE: TGT) to $290.00 (from $262.00) while maintaining a Overweight rating.
The analyst comments "TGT is a core long-term holding given its ability to compete in the new world of omni-channel retailing and its... More
Target sees brighter 2022 with easing supply pressures
March 1, 2022 6:43 AM ESTBy Uday Sampath Kumar and Aishwarya Venugopal
(Reuters) -U.S. retailer Target Corp posted record holiday quarter earnings on Tuesday and forecast an upbeat 2022 as it expects supply chain pressures to ease later in the year, lifting shares 14%.
Margins remain front and center for investors this earnings season, with big retailers spending heavily to expedite shipments and hiring thousands more people to navigate bottlenecks and ensure well-stocked shelves.
"We see supply chain constraints that are steadily working themselves... More
Target (TGT) Tops Q4 EPS by 33c, Comps Increase 8.9%
March 1, 2022 6:31 AM ESTTarget (NYSE: TGT) reported Q4 EPS of $3.19, $0.33 better than the analyst estimate of $2.86. Revenue for the quarter came in at $31 billion versus the consensus estimate of $31.41 billion.
Comparable sales grew 8.9 percent, on top of 20.5 percent in Q4 2020.Fiscal 2022... More
