Information Provided By:
Fly News Breaks for March 4, 2020
Mar 4, 2020 | 07:09 EDT
BMO Capital analyst Kelly Bania lowered the firm's price target on Target to $115 from $134 and keeps a Market Perform rating on the shares after its in-line Q4 results and FY20 guidance, also lowering her modeled forward earnings multiple to 16-times from "near-peak" 19-times and lowering her FY21 EPS outlook by 25c to $6.85. The analyst notes that the company continues to benefit from its investments in same-day digital fulfillment and sees its comp outlook as solid, though she points to Target's more modest expectations of gross margin expansion in 2020 relative to 2019.
News For TGT From the Last 2 Days
There are no results for your query TGT