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TGT

Target

$69.05

-8.08 (-10.48%)

09:34
11/21/18
11/21
09:34
11/21/18
09:34

Target price target lowered to $79 from $94 at Credit Suisse

Credit Suisse analyst Seth Sigman lowered his price target for Target to $79 from $94 as Q3 top-line results were healthy, but margin rate and EBIT dollars were weaker, which seem to take the story back a few steps, after the major reversal in sentiment earlier this year. Target's story now needs to shift to a more balanced sales and profit growth story to support higher EPS and multiple expansion, which has eluded it so far this year, particularly in Q3, he contends. The analyst reiterates an Outperform rating on the shares.

  • 03

    Mar

TGT Target
$69.05

-8.08 (-10.48%)

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.
11/20/18
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.
11/21/18
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.
11/21/18
BMOC
11/21/18
NO CHANGE
Target $70
BMOC
Market Perform
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).

TODAY'S FREE FLY STORIES

SCL

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PolyOne

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OLN

Olin

$20.32

0.14 (0.69%)

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KRA

Kraton

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0.3 (1.25%)

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HT

Hersha Hospitality

$18.49

-0.27 (-1.44%)

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CARS

Cars.com

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-0.37 (-1.52%)

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VERI

Veritone

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NGVT

Ingevity

$86.46

1.31 (1.54%)

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FUL

H.B. Fuller

$41.36

-0.36 (-0.86%)

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EMN

Eastman Chemical

$72.77

-0.36 (-0.49%)

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DSW

DSW

$23.04

-1.19 (-4.91%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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  • 11

    Dec

CE

Celanese

$89.79

-1.445 (-1.58%)

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ASIX

AdvanSix

$25.33

0.18 (0.72%)

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GWW

Grainger

$285.60

-3.88 (-1.34%)

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  • 24

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NFLX

Netflix

$269.80

4.66 (1.76%)

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VIVHY

Vivendi

$0.00

(0.00%)

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Vivendi seeks to invest in Trump partner's Indonesia TV unit, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

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Alphabet Class A

$1,052.80

5.81 (0.55%)

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$1,040.02

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  • 11

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ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

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ASNA

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ASPU

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TROX

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CR

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CASY

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NX

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RARX

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SAEX

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$3.33

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TROX

Tronox

$7.05

-0.25 (-3.42%)

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ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
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SPLK

Splunk

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18:27
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  • 10

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EFC

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NTDOY

Nintendo

$0.00

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GOOG

Alphabet

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  • 11

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