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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%)

11/21/18
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).
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.

TODAY'S FREE FLY STORIES

VHC

VirnetX

$5.26

-0.19 (-3.49%)

15:34
03/18/19
03/18
15:34
03/18/19
15:34
Options
VirnetX options imply 9.4% move in share price post-earnings, above median historical move »

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AGCO

Agco

$67.50

0.93 (1.40%)

15:33
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Agco announces commercial, technological partnership with Solinftec »

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NVDA

Nvidia

$168.85

-1.05 (-0.62%)

, QCOM

Qualcomm

$56.69

0.09 (0.16%)

15:31
03/18/19
03/18
15:31
03/18/19
15:31
Periodicals
U.S. chipmaker industry group calls Chinese offer a 'distraction,' WSJ says »

U.S. semiconductor…

NVDA

Nvidia

$168.85

-1.05 (-0.62%)

QCOM

Qualcomm

$56.69

0.09 (0.16%)

INTC

Intel

$54.06

-0.26 (-0.48%)

TXN

Texas Instruments

$109.63

-1.07 (-0.97%)

MCHP

Microchip

$85.18

-0.92 (-1.07%)

MRVL

Marvell

$19.93

-0.22 (-1.09%)

AMD

AMD

$23.24

-0.06 (-0.26%)

MU

Micron

$39.66

0.13 (0.33%)

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SYNA

Synaptics

$33.56

-9.62 (-22.28%)

15:30
03/18/19
03/18
15:30
03/18/19
15:30
Options
Timely put buy in Synaptics as shares shed 22.5% »

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  • 28

    May

IFSPF

Interfor

$0.00

(0.00%)

15:28
03/18/19
03/18
15:28
03/18/19
15:28
Conference/Events
Interfor management to meet with TD Securities »

Meetings to be held in…

03/08/13
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  • 20

    Mar

  • 21

    Mar

QEP

QEP Resources

$7.75

0.18 (2.38%)

15:20
03/18/19
03/18
15:20
03/18/19
15:20
Options
Repeat risk-reversals in Qep Resources »

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AMRS

Amyris

$3.87

-0.06 (-1.53%)

15:19
03/18/19
03/18
15:19
03/18/19
15:19
Options
Amyris options imply 31.1% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 18

    Mar

BX

Blackstone

$35.48

0.57 (1.63%)

15:18
03/18/19
03/18
15:18
03/18/19
15:18
Periodicals
Blackstone nearing deal to acquire Servpro Industries, WSJ reports »

Blackstone Group is…

03/08/13
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03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
03/18/19
03/18
15:17
03/18/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
03/18/19
03/18
15:16
03/18/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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BX

Blackstone

$35.47

0.56 (1.60%)

15:14
03/18/19
03/18
15:14
03/18/19
15:14
Periodicals
Breaking Periodicals news story on Blackstone »

Blackstone near deal to…

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15:10
03/18/19
03/18
15:10
03/18/19
15:10
Options
Volatility traders await the first settlement of new SPIKES contracts »

Volatility traders await…

15:10
03/18/19
03/18
15:10
03/18/19
15:10
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

15:09
03/18/19
03/18
15:09
03/18/19
15:09
Conference/Events
FBN Securities analysts to hold group luncheon »

The FBN Securities…

FLIR

Flir Systems

$49.31

-0.83 (-1.66%)

15:04
03/18/19
03/18
15:04
03/18/19
15:04
Downgrade
Flir Systems rating change  »

Flir Systems downgraded…

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  • 19

    Apr

STNE

StoneCo

$35.33

2.85 (8.77%)

15:04
03/18/19
03/18
15:04
03/18/19
15:04
Options
StoneCo options imply 17.1% move in share price post-earnings »

Pre-earnings options…

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  • 18

    Mar

YEXT

Yext

$22.91

0.24 (1.06%)

15:00
03/18/19
03/18
15:00
03/18/19
15:00
Options
Call buyers in Yext as shares tick higher »

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BKS

Barnes & Noble

$5.33

0.06 (1.14%)

14:50
03/18/19
03/18
14:50
03/18/19
14:50
Options
Barnes and Nobles calls active for a second day »

Barnes and Nobles calls…

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TLRY

Tilray

$70.78

-1.75 (-2.41%)

14:49
03/18/19
03/18
14:49
03/18/19
14:49
Options
Tilray options imply 15.9% move in share price post-earnings, above median historical move »

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  • 18

    Mar

TSLA

Tesla

$270.25

-5.18 (-1.88%)

14:39
03/18/19
03/18
14:39
03/18/19
14:39
Periodicals
Tesla seeks employee volunteers to help deliver 30,000 cars, BI says »

Tesla has once again…

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  • 18

    Mar

  • 19

    Mar

CRAY

Cray

$24.86

-0.3 (-1.19%)

, INTC

Intel

$54.03

-0.29 (-0.53%)

14:37
03/18/19
03/18
14:37
03/18/19
14:37
Hot Stocks
Cray selected as subcontractor to Intel on DOE exascale supercomputer project »

Cray (CRAY) announced…

CRAY

Cray

$24.86

-0.3 (-1.19%)

INTC

Intel

$54.03

-0.29 (-0.53%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

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    May

PTE

PolarityTE

$13.56

-1.9 (-12.29%)

14:33
03/18/19
03/18
14:33
03/18/19
14:33
Hot Stocks
PolarityTE says received subpoena from SEC for possible securities violations »

In a regulatory filing,…

03/08/13
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INTC

Intel

$54.08

-0.24 (-0.44%)

, CRAY

Cray

$24.86

-0.3 (-1.19%)

14:32
03/18/19
03/18
14:32
03/18/19
14:32
Hot Stocks
Intel, DoE to deliver first exascale supercomputer »

Intel Corporation (INTC)…

INTC

Intel

$54.08

-0.24 (-0.44%)

CRAY

Cray

$24.86

-0.3 (-1.19%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 25

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PTE

PolarityTE

$13.73

-1.73 (-11.19%)

14:21
03/18/19
03/18
14:21
03/18/19
14:21
Recommendations
PolarityTE analyst commentary at Piper Jaffray »

PolarityTE SkinTE sales…

03/08/13
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GM

General Motors

$37.83

-0.25 (-0.66%)

14:20
03/18/19
03/18
14:20
03/18/19
14:20
Options
Size call write in GM »

Size call write in GM.…

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  • 27

    Mar

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    Apr

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