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TGT

Target

$69.05

-8.08 (-10.48%)

, WMT

Walmart

$94.21

-2.59 (-2.68%)

07:56
11/21/18
11/21
07:56
11/21/18
07:56

Target price target lowered to $70 from $88 at BMO Capital

BMO Capital analyst Kelly Bania lowered her price target on Target (TGT) to $70 and kept her Market Perform rating after its Q3 results, saying that its gross margin performance and a lack of leverage on e-commerce sales are her "key" concerns for the stock. The analyst cites the digital fulfillment costs accelerating along with the company's secondary margin pressures that included additional inventory as factors impacting the quarter. Even though she sees some of these concerns being alleviated in Q4, Bania contends that the e-commerce leverage is the key difference supporting her preference for Walmart (WMT).

TGT

Target

$69.05

-8.08 (-10.48%)

WMT

Walmart

$94.21

-2.59 (-2.68%)

  • 03

    Mar

TGT Target
$69.05

-8.08 (-10.48%)

11/21/18
STFL
11/21/18
NO CHANGE
Target $80
STFL
Hold
Target margin concerns unlikely to abate in near-term, says Stifel
Stifel analyst Mark Astrachan noted that Target's Q3 gross margin was 100bps below consensus and company guidance, due to higher fulfillment costs and the timing of holiday inventory costs. The gross margin weakness more than offsets the solid growth in same-store sales, according to Astrachan, who views the Q3 results as indicative that margin concerns are unlikely to abate in the near-term. He lowered his price target on Target shares to $80 from $93 following the report and keeps a Hold rating on the stock.
11/20/18
BARD
11/20/18
NO CHANGE
Target $93
BARD
Outperform
Target shares 'simply too inexpensive,' buy the selloff, says Baird
While Target's Q3 results missed Street expectations, its "robust" traffic of 5.3% remains among the best in retail, Baird analyst Peter Benedict tells investors in a research note. The stock's current valuation is "simply too inexpensive" given Target's "renewed brand relevance and topline momentum," says the analyst. He recommends buying the shares on today's post-earnings selloff. Benedict lowered his price target for the stock to $93 from $100 and reiterates an Outperform rating on Target. The retailer closed the trading day down 10.5%, or $8.12, to $69.03.
11/20/18
BARD
11/20/18
NO CHANGE
Target $100
BARD
Outperform
Target sales solid, buy today's pullback, says Baird
Baird analyst Peter Benedict noted Target's earnings shortfall but he said sales remain strong with digital growth continuing to accelerate. The analyst did say gross margins were soft, reflecting higher digital fulfillment costs and other supply chain expenses. He remains encouraged by its continued top-line momentum and said he is inclined to buy today's pullback. Benedict maintained his Outperform rating and $100 price target on Target shares ahead of the company's earnings conference call.
11/16/18
11/16/18
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. Adobe (ADBE) initiated with a Buy at Nomura Instinet. 2. Target (TGT) was initiated with a Buy at Buckingham and an Overweight at KeyBanc. 3. Viad (VVI) initiated with a Buy at Janney Montgomery Scott. 4. Selective Insurance (SIGI) initiated with a Market Perform at JMP Securities. 5. Sprouts Farmers Market (SFM) initiated with an Underperform at Bernstein. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
WMT Walmart
$94.21

-2.59 (-2.68%)

11/20/18
DAIW
11/20/18
DOWNGRADE
DAIW
Neutral
Walmart downgraded to Neutral from Outperform at Daiwa
11/16/18
KEYB
11/16/18
INITIATION
Target $110
KEYB
Overweight
Target initiated with an Overweight at KeyBanc
KeyBanc analyst Edward Yruma initiated Target (TGT) with an Overweight rating and $110 price target. The analyst says Target's investments and improved execution are driving stronger comps, telling investors in a research note that he thinks this is sustainable in the current environment. Rather than viewing Target as a participant in the Amazon (AMZN) vs. Walmart (WMT) battle, Yruma thinks its unique mix of consumables and high-margin apparel/home decor leave it well-positioned to take share from at-risk retailers.
11/16/18
DBAB
11/16/18
NO CHANGE
Target $116
DBAB
Buy
Walmart price target raised to $116 from $112 at Deutsche Bank
Deutsche Bank analyst Paul Trussell raised his price target for Walmart to $116 citing the company's same-store-sales beat in Q3 an strength across international. The analyst keeps a Buy rating on the shares.
11/15/18
BARD
11/15/18
NO CHANGE
Target $110
BARD
Outperform
Walmart reported 'high-quality beat' in Q3, says Baird
Baird analyst Peter Benedict called Walmart's Q3 results a "high-quality beat." He said its e-commerce growth remains impressive and cited its disciplined price investment, pursuit of operational excellence, and accelerating innovation. Benedict reiterated his Outperform rating and $110 price target on Walmart shares.

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CLVS

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GrubHub

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Atomera

$3.30

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GIB

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AABA

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CLVS

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, TSRO

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TRU

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GM

General Motors

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XPO

XPO Logistics

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LEGH

Legacy Housing

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(0.00%)

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AAPL

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