Oppenheimer Starts Target (TGT) at Outperform

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Go back to Oppenheimer Starts Target (TGT) at Outperform

Oppenheimer initiates Target (TGT) at Outperform on multi-year profit recovery

January 24, 2023 7:17 AM EST

Target Corp. (NYSE: TGT) is up 0.15% in pre-market trading on Tuesday after Oppenheimer initiated coverage of the retailer with an Outperform rating and $190.00 price target. Oppenheimers base case modeling scenario for TGT assumes a rebound in earnings to $10.40 by FY24 from an estimated $5.45 in FY22. This is primarily driven by outsized gross margin expansion off a depressed base.

Looking forward, analyst,... More