Target Corp. (TGT) Misses Q1 EPS by 1c; Cuts FY14 EPS View

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BofA/Merrill Lynch Lowers Numbers on Target (TGT), Sees Risk to FY2015 Comps

May 22, 2014 7:42 AM EDT

BofA/Merrill Lynch analyst Robert Ohmes lowered estimates and his price target on Underperform-rated Target (NYSE: TGT) to $50.00 (from $55.00) and said they see risk to FY 2015 comps.

Ohmes commented, "TGT reported F1Q adj. EPS of $0.70 below our forecast of $0.73 (includes $0.36 from Canada... More