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TGT

Target

$78.48

0.61 (0.78%)

06:04
11/25/16
11/25
06:04
11/25/16
06:04

Target reports strong start to Black Friday in stores, record online sales

Target reported a strong start to the holiday shopping season. Millions of guests visited Target stores across the country and Target.com, which had its biggest day ever and experienced double-digit growth, to save on Black Friday deals, including the retailer's lowest prices ever on select items. "Shopping at Target has become an annual Thanksgiving tradition for millions of our guests, and we're thrilled at the response we've seen this year. We had a record-breaking day on Target.com and traffic to our stores was strong," said Brian Cornell, chairman and CEO of Target, who greeted shoppers at the Jersey City Target store in N.J. on Thanksgiving and will be ringing the opening bell at the New York Stock Exchange in celebration of Kids Day later this morning. "This year, we doubled down on offering guests an incredible assortment at outstanding prices. Based on early results, it's clear that our deals are cutting through. We expect this momentum to continue throughout the weekend and into next week as we offer Target's guests a truly unprecedented opportunity to save 15 percent off nearly everything online and in our stores this Sunday and Monday."

TGT Target
$78.48

0.61 (0.78%)

09/16/16
FBCO
09/16/16
INITIATION
Target $65
FBCO
Neutral
Target coverage assumed with a Neutral at Credit Suisse
Credit Suisse analyst Edward Kelly assumed coverage on Target with a $65 price target, down from $72, citing an uncertain outlook, structural headwinds, and under investment.
09/16/16
09/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
BOFA
09/23/16
NO CHANGE
Target $55
BOFA
Buy
BofA thinks Verizon deal stays on track despite Yahoo data breach
Bank of America Merrill Lynch analyst Justin Post said that Yahoo's (YHOO) disclosure of the massive data breach impacting over 500M of its users is clearly a negative for the company that could result in email account closures, but he does not anticipate a major impact on Yahoo's business related to this breach, citing as evidence the fact that he is not aware of any significant business impairment or financial liability related to security breaches at LinkedIn (LNKD) in 2012 and at eBay (EBAY) in 2014. Post adds that the Target (TGT) data breach, which did include credit card info, is not directly comparable to Yahoo's breach. For Verizon (VZ) to back out of its acquisition agreement, Post thinks the company would need to assume Yahoo acted in bad faith during negotiations and that the Yahoo asset is impaired or comes with significant liability, neither of which he sees as being the case. The analyst keeps a Buy rating on Yahoo and bumped his target on the shares to $55 from $53, citing an increased price target on Alibaba (BABA) that a peer at the firm recently set.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Neutral
Target initiated with a Neutral at Guggenheim

TODAY'S FREE FLY STORIES

11:06
12/08/16
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General news
The Fly announces rebranding, launch of new website »

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BA

Boeing

$155.03

0.89 (0.58%)

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Boeing reports two new 787 orders in weekly update »

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A

Agilent

$45.15

0.1639 (0.36%)

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Agilent, Transcriptic collaborate to automate discovery biology »

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APOL

Apollo Education

$9.52

0.01 (0.11%)

, DV

DeVry

$31.48

0.325 (1.04%)

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Hot Stocks
Apollo Education slides after DoE response to preacquisition review application »

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APOL

Apollo Education

$9.52

0.01 (0.11%)

DV

DeVry

$31.48

0.325 (1.04%)

ESI

ITT Educational

EDMC

Education Management

$0.01

0.001 (11.11%)

CECO

Career Education

$10.22

-0.03 (-0.29%)

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ASUR

Asure Software

$8.38

0.37 (4.62%)

11:01
12/08/16
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Conference/Events
Asure Software management to meet with Lake Street »

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BA

Boeing

$154.95

0.81 (0.53%)

11:01
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Hot Stocks
Boeing begins final assembly on first 787-10 Dreamliner »

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HNR

Harvest Natural

$5.46

-0.19 (-3.36%)

11:00
12/08/16
12/08
11:00
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11:00
Periodicals
Harvest Natural mentioned cautiously by TheStreetSweeper »

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DISH

DISH

$58.64

0.13 (0.22%)

11:00
12/08/16
12/08
11:00
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Technical Analysis
DISH spikes off session lows »

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ANET

Arista Networks

$96.87

-1 (-1.02%)

11:00
12/08/16
12/08
11:00
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11:00
Conference/Events
Arista Networks management to meet with Pacific Crest »

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  • 12

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NFLX

Netflix

$125.39

0.82 (0.66%)

11:00
12/08/16
12/08
11:00
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11:00
Options
Netflix short-term calls are active »

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11:00
12/08/16
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11:00
General news
Treasury futures action: some block buying »

Treasury futures action:…

AMAT

Applied Materials

$32.51

0.9 (2.85%)

10:58
12/08/16
12/08
10:58
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10:58
Conference/Events
Applied Materials management to meet with Stifel »

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  • 12

    Dec

DISH

DISH

$58.64

0.13 (0.22%)

10:57
12/08/16
12/08
10:57
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10:57
Rumors
Rumor moving shares of DISH »

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10:55
12/08/16
12/08
10:55
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10:55
Conference/Events
Stifel electrical equipment analysts to hold a luncheon meeting »

Electrical, Networking…

IWM

iShares Trust Russell 2000 Index Fund

$136.53

0.625 (0.46%)

, RUT

Russell 2000 Index

10:53
12/08/16
12/08
10:53
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10:53
Technical Analysis
Russell 2000 Index hits new life high »

The index was last at…

IWM

iShares Trust Russell 2000 Index Fund

$136.53

0.625 (0.46%)

RUT

Russell 2000 Index

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HYG

iShares iBoxx $ High Yield Corporate Bond

$86.22

-0.24 (-0.28%)

10:50
12/08/16
12/08
10:50
12/08/16
10:50
Options
Notable put activity in the High Yield Bond Fund »

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NOC

Northrop Grumman

$241.93

-5.21 (-2.11%)

10:45
12/08/16
12/08
10:45
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10:45
Technical Analysis
Northrop Grumman trades lower, levels to watch »

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AKS

AK Steel

$11.03

0.24 (2.22%)

10:45
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10:45
Options
AK Steel call volume above normal and directionally bullish »

Bullish option flow…

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10:45
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General news
Breaking General news story  »

6-Month Bill Announcement…

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General news
Breaking General news story  »

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EXA

Exa Corp.

$14.44

-0.36 (-2.43%)

10:44
12/08/16
12/08
10:44
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10:44
Conference/Events
Exa Corp. to host analyst and investor day »

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RMD

ResMed

$60.65

0.31 (0.51%)

10:40
12/08/16
12/08
10:40
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10:40
Conference/Events
ResMed management to meet with William Blair »

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  • 09

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ESPR

Esperion

$11.50

-0.18 (-1.54%)

10:38
12/08/16
12/08
10:38
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10:38
Conference/Events
Esperion management to meet with JMP Securities »

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  • 09

    Dec

LPLA

LPL Financial

$37.94

0.97 (2.62%)

10:37
12/08/16
12/08
10:37
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10:37
Periodicals
Breaking Periodicals news story on LPL Financial »

LPL Financial said to…

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EROS

Eros International

$14.18

0.375 (2.72%)

10:36
12/08/16
12/08
10:36
12/08/16
10:36
Conference/Events
Eros International management to meet with Jefferies »

Meeting to be held in…

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  • 09

    Dec

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