Target (TGT) Removed from BofA Securities US 1 List

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Stifel Reiterates Hold Rating on Target (TGT), Cuts Estimates

June 7, 2022 2:25 PM EDT

Stifel analyst Mark S. Astrachan reiterated a Hold rating and $185.00 price target on Target (NYSE: TGT).

The analyst comments "Earlier today, Target negatively updated 2022 expectations largely reflecting measures to be implemented to right-size its inventory across discretionary categories. The company is planning several... More

Evercore ISI on Target (TGT): 'this is Target’s 2nd guide down in under a month', 'we believe investors will need to be patient'

June 7, 2022 9:34 AM EDT

Evercore ISI analyst Greg Melich reiterated an In Line rating and $180.00 price target on Target (NYSE: TGT).

The analyst comments "Ongoing margin pressure is likely to constrain TGTs multiple at around a 20-25% S&P discount on CY23 earnings, or 12-13x for the next few quarters. More pass-through power, clean inventory, and additional cost savings are likely needed to win back an S&P multiple or better with steady share gain. Target is winning share and driving traffic while also working to contain inflationary cost pressure. Elevated inventories are... More

Target (TGT) shares sink 8% after cutting Q2 guidance and warning on inventory action

June 7, 2022 7:12 AM EDT

Target (NYSE: TGT) shares sink 8% after cutting Q2 guidance and warning on inventory action.

... More