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TGT

Target

$82.39

-1.39 (-1.66%)

09:30
08/12/19
08/12
09:30
08/12/19
09:30

Target Q2 comps look set to miss consensus, says Cleveland Research

Cleveland Research analyst Scott Bender said his checks suggest Target's sales seemed to improve in July, but not by quite enough to offset softer trends earlier in the quarter. The analyst, who now sees Q2 comps as likely to miss consensus and come in on the lower end of Target's guidance, has a Neutral rating on Target shares.

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TGT Target
$82.39

-1.39 (-1.66%)

08/05/19
DBAB
08/05/19
UPGRADE
DBAB
Buy
Target upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Paul Trussell upgraded Target to Buy from Hold.
08/05/19
DBAB
08/05/19
UPGRADE
Target $99
DBAB
Buy
Deutsche Bank upgrades Target to Buy, boosts price target to $99 from $85
Deutsche Bank analyst Paul Trussell upgraded Target to Buy from Hold and raised his price target for the shares to $99 from $85. The retailer closed Friday down $1.10 to $81.52. Target is "growing profitably" with EBITDA dollars up mid-single-digits in Q1, a pace that can be sustained through supply chain enhancements, market share gains in key categories often with higher margin private brands, and strong returns on remodels and new small format stores, Trussell tells investors in a research note. Despite the company's "unequivocal success recently," the shares still trade at a multiple slightly below its historical average and now "well below other strong comping staple retail peers," says the analyst. Trussell believes a "robust" Q2 earnings report is possible, driving Target toward its first double-digit two-year stack comp since 2006. With that, investor doubts "should subside and the stock should move closer to a market multiple," he contends.
08/05/19
08/05/19
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 Buy from Hold at Deutsche Bank with analyst Paul Trussell saying Target is "growing profitably" with EBITDA dollars up mid-single-digits in Q1, a pace that can be sustained through supply chain enhancements, market share gains in key categories often with higher margin private brands, and strong returns on remodels and new small format stores. 2. Owens-Illinois (OI) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Maguire saying the negative catalysts around lower volume and higher taxes have materialized with the stock underperforming since reporting a miss in Q2 earnings last week. 3. AB InBev (BUD) upgraded to Hold from Underperform at Jefferies with analyst saying the company is pivoting to growth while concerns on its leverage are easing. 4. CF Industries (CF) upgraded to Neutral from Underperform at BofA/Merrill with analyst Steve Byrne saying the company's "strong" Q2 results show operational strength and an improving outlook. 5. Builders FirstSource (BLDR) upgraded to In Line from Underperform 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.
08/12/19
BARD
08/12/19
NO CHANGE
Target $90
BARD
Outperform
Target remains Fresh Pick as good value still seen, says Baird
Baird analyst Peter Benedict said he still sees good support for Target's Q2 comp expectations and he remains comfortable with his and the Street's estimates. The analyst sees several drivers which can help sustain solid top-line momentum and with an improved follow through, he believes guidance remains secure. Benedict reiterated his Outperform rating and $90 price target on Target shares.

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TOT

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TLND

Talend

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BA

Boeing

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DB

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

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$0.00

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SPY

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GOOG

Alphabet

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NUAN

Nuance

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CRM

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RVLT

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IBKC

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RMNI

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CRM

Salesforce

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HPQ

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TRPX

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GLD

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VMW

VMware

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CRWD

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