Form 8-K TARGET CORP For: Aug 21
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DA Davidson Reiterates Buy Rating on Target (TGT)
August 22, 2024 9:26 AM EDTDA Davidson analyst Michael Baker reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).
The analyst comments "About a year ago, we wrote a deep dive report laying out the margin pressure points for Target since the post COVID peak in... More
Target (TGT) PT Raised to $195 at BofA Securities
August 22, 2024 6:21 AM EDTBofA Securities analyst Robert Ohmes raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Buy rating.
The analyst comments "We raise our F25/C24E EPS estimate to $9.70 (was $9.45) given the strong 2Q beat (see our 2Q earnings report)... More
Target (TGT) PT Raised to $177 at RBC Capital
August 22, 2024 6:17 AM EDTRBC Capital analyst Steven Shemesh raised the price target on Target (NYSE: TGT) to $177.00 (from $174.00) while maintaining a Outperform rating.
The analyst comments "After a slew of retail read-throughs pointing to soft consumer demand, TGT posted a comp beat and its fourth consecutive quarter of... More
Morgan Stanley Reiterates Overweight Rating on Target (TGT)
August 22, 2024 5:45 AM EDTMorgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT).
The analyst comments "How Q2'24 shapes our view. We are OW rated TGT and maintain our $180 price target, representing ~13% upside. Following todays rally, the stock... More
Target (TGT) PT Raised to $157 at Roth/MKM
August 22, 2024 5:19 AM EDTRoth/MKM analyst Bill Kirk raised the price target on Target (NYSE: TGT) to $157.00 (from $153.00) while maintaining a Neutral rating.
The analyst comments "While Target beat 2Q expectations, we struggle to share the optimism shown in the market's reaction: 1) customers have not returned... More
Target (TGT) PT Raised to $160 at Evercore ISI
August 22, 2024 5:15 AM EDTEvercore ISI analyst Greg Melich raised the price target on Target (NYSE: TGT) to $160.00 (from $158.00) while maintaining a In Line rating.
The analyst comments "Target is rekindling its cheap chic mojo, with 2Q providing an encouraging glimpse of traffic growth and margin recovery. 2% comps, traffic up 3%, and 160bps of EBIT... More
Target (TGT) PT Raised to $180 at Wells Fargo
August 22, 2024 5:03 AM EDTWells Fargo analyst Edward Kelly raised the price target on Target (NYSE: TGT) to $180.00 (from $160.00) while maintaining a Overweight rating.
The analyst comments "Remain Overweight: The stock's reaction today seems appropriate given concerns heading into the print. While macro uncertainty remains, back half... More
Target (TGT) PT Raised to $195 at Telsey
August 21, 2024 4:22 PM EDTTelsey analyst Joseph Feldman raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Outperform rating.
The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 EPS guidance. The company... More
Target (TGT) PT Raised to $188 at Citi
August 21, 2024 4:14 PM EDTCiti analyst Paul Lejuez raised the price target on Target (NYSE: TGT) to $188.00 (from $180.00) while maintaining a Buy rating.
The analyst comments "Though many feared a consumer slowdown 2Q, TGT (like WMT), had a message of consistency. TGTs June and July... More
Target (TGT) PT Raised to $192 at Goldman Sachs
August 21, 2024 4:04 PM EDTGoldman Sachs analyst Kate McShane raised the price target on Target (NYSE: TGT) to $192.00 (from $191.00) while maintaining a Buy rating.
The analyst comments "TGT is currently up ~13% (vs. the S&P 500 at +0.3%) after its 2Q beat and revised FY24 guidance. The company's... More
Target (TGT) PT Raised to $195 at Jefferies
August 21, 2024 4:01 PM EDTJefferies analyst Corey Tarlowe raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Buy rating.
The analyst comments "TGT's 2Q top-and bottom-line results came in ahead of Street ests. TGT returned to positive comp growth driven by improving traffic... More
DA Davidson Reiterates Buy Rating on Target (TGT)
August 21, 2024 1:44 PM EDTDA Davidson analyst Michael Baker reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).
The analyst comments "In one of the more surprising prints so far in big box earnings season, Target pivoted back to its winning ways, beating 2Q... More
Telsey Reiterates Outperform Rating on Target (TGT)
August 21, 2024 9:08 AM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $190.00 price target on Target (NYSE: TGT).
The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 profit guidance. The company reported 2Q24 EPS of $2.57, well ahead of our estimate of $2.19 and the FactSet consensus (FS) of $2.18, with a comp of 2.0% vs. our... More
BMO Capital Reiterates Market Perform Rating on Target (TGT)
August 21, 2024 8:20 AM EDTBMO Capital analyst Kelly Bania reiterated a Market Perform rating and $145.00 price target on Target (NYSE: TGT).
The analyst comments "TGT's F2Q25 was better than expectations on comps of 2% y/y vs. 1% expectations and gross margin upside. FY25 EPS guidance was... More
Goldman Sachs Reiterates Buy Rating on Target (TGT)
August 21, 2024 7:58 AM EDTGoldman Sachs analyst Kate McShane reiterated a Buy rating and $191.00 price target on Target (NYSE: TGT).
The analyst comments "TGT reported 2Q24 EPS of $2.57, above GS/consensus (Refinitiv) of $2.34/$2.18. SSS came in at +2.0%, vs. consensus of +1.2%, with an increase in traffic (+3.0%)... More
JPMorgan Reiterates Neutral Rating on Target (TGT)
August 21, 2024 7:58 AM EDTJPMorgan analyst Christopher Horvers reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).
The analyst comments "Overall, TGT posted strong results, with $2.57 of EPS well ahead of our $2.24 and the Streets $2.19 per Consensus Metrix, driven by better-than-expected sales growth and a gross margin beat. Comps came in at +2.0%, ahead of our... More
Morgan Stanley Reiterates Overweight Rating on Target (TGT)
August 21, 2024 7:57 AM EDTMorgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT)
The analyst comments "1) That TGT can reinvigorate top-line while generating margin expansion, the crux of our OW thesis in '24, was evident in Q2'24, a nice improvement from Q1'24. Delivering these results amid a tougher quarter for the retail industry shows the power of: 1) the TGT brand, 2) its merchandising efforts, 3) recent price reductions driving sales, and 4)... More
Citi Reiterates Buy Rating on Target (TGT), 'we expect the stock to be up significantly'
August 21, 2024 7:49 AM EDTCiti analyst Paul Lejuez reiterated a Buy rating and $180.00 price target on Target (NYSE: TGT)
The analyst comments "TGT beat EPS driven by sales and GM (and unlike in 1Q, SG&A was inline w/consensus). Despite some concerns a weak... More
Truist Securities Reiterates Hold Rating on Target (TGT)
August 21, 2024 7:37 AM EDTTruist Securities analyst Scot Ciccarelli reiterated a Hold rating and $156.00 price target on Target (NYSE: TGT).
The analyst comments "Net/net Target posted its first comp growth in 5 quarters (albeit against the easiest comparisons it has faced in 15+ yrs) at +2.0% (2-year stack of -3.4% was... More
Jefferies Reiterates Buy Rating on Target (TGT)
August 21, 2024 7:37 AM EDTJefferies analyst Corey Tarlowe reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).
The analyst comments "Q2 comp sales of 2.0% beat expectations and was at the high end of guidance (flat-2%). Discretionary category trends continue to improve with apparel growing by... More
