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TGT

Target

$79.65

-0.73 (-0.91%)

10:00
05/31/19
05/31
10:00
05/31/19
10:00

At-the-money put buys in Target at the opening bell

At-the-money put buys in Target at the opening bell. Shares off 40c to $80 and Jun 80s trade $1.95 and 1.98 per contract. 4.1K changed hands against 1.6K open interest and the bearish flow comes a little more than one week after shares rallied 7.8% to $77.56 on 5/22 after earnings. Put buying expresses concerns that the stock, which is up 21% YTD, will give back gains over the next three weeks.

  • 12

    Jun

TGT Target
$79.65

-0.73 (-0.91%)

05/23/19
JPMS
05/23/19
UPGRADE
Target $100
JPMS
Overweight
JPMorgan sees 'Amazon-safe' valuation for Target, upgrades to Overweight
JPMorgan analyst Christopher Horvers upgraded Target (TGT) to Overweight from Neutral and raised his price target for the shares to $100 from $81. The analyst believes the shares are undervalued and he sees potential upside to consensus estimates. Target should get re-valued "towards the best-in-class, Amazon (AMZN) -safe bucket" of retail, given its strong comps, expanding operating income after three years of declines, and its high-single-digit earnings growth algorithm, Horvers tells investors in a research note. The analyst believes Target shares in 2019 will experience move to Walmart's (WMT) shares in 2017.
05/23/19
FBCO
05/23/19
NO CHANGE
Target $90
FBCO
Outperform
Target price target raised to $90 from $85 at Credit Suisse
Credit Suisse analyst Seth Sigman raised his price target for Target to $90 from $85 as he was encouraged by the company's "stronger" Q1 results, which outperformed peers and showed a number of positive trends, including "strong momentum" across key categories, healthy market share gains, greater contribution from same day delivery, improving margin trends, and "solid" Q2 guidance. The analyst reiterates an Outperform rating on the shares.
05/23/19
05/23/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Horvers saying he believes the shares are undervalued and he sees potential upside to consensus estimates. 2. Philip Morris (PM) upgraded to Equal Weight from Underweight at Barclays with analyst Gaurav Jain saying unlike British American Tobacco (BTI), Philip Morris' Canadian subsidiary value is more than the value of the liability. 3. Booking Holdings (BKNG) upgraded to Buy from Neutral at Citi saying Booking's valuation, following the stock's underperformance this year, now better reflects the business slowdown it faces and is attractive on a cash flow basis. 4. Vertex (VRTX) assumed with a Buy from Neutral at Goldman Sachs with analyst Salveen Richter saying he believes the likely approval of the triple combination regimen in 2020 will extend Vertex's cystic fibrosis opportunity to ~90% of the market. 5. Ferrari (RACE) upgraded to Outperform from In Line at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/19
LEHM
05/29/19
NO CHANGE
Target $75
LEHM
Overweight
Barclays lowers targets on Best Buy, Lowe's, Target after analyst change
After assuming lead coverage, Barclays analyst Karen Short maintained Overweight ratings on Best Buy (BBY) Home Depot (HD) and Target (TGT) as well as an Equal Weight rating on Lowe's (LOW). The analyst also lowered her price target for Best Buy to $75 from $90, for Lowe's to $95 from $105, and for Target to $95 from $115.

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