The stock of Target Corporation (NYSE:TGT) is a huge mover today! About 1.03M shares traded hands. Target Corporation (NYSE:TGT) has declined 14.49% since March 8, 2016 and is downtrending. It has underperformed by 23.81% the S&P500.
The move comes after 6 months positive chart setup for the $39.30 billion company. It was reported on Oct, 11 by Barchart.com. We have $82.93 PT which if reached, will make NYSE:TGT worth $8.25B more.
Target Corporation (NYSE:TGT) Ratings Coverage
Out of 17 analysts covering Target Corporation (NYSE:TGT), 5 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 29% are positive. Target Corporation has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, September 12 by Cowen & Co. The stock of Target Corporation (NYSE:TGT) earned “Neutral” rating by Guggenheim on Friday, September 30. Cowen & Co maintained the stock with “Outperform” rating in Saturday, August 22 report. The rating was maintained by Citigroup with “Buy” on Thursday, August 18. The firm earned “Underweight” rating on Thursday, May 19 by Barclays Capital. On Thursday, November 19 the stock rating was maintained by UBS with “Neutral”. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, August 18. Telsey Advisory Group maintained Target Corporation (NYSE:TGT) rating on Thursday, August 18. Telsey Advisory Group has “Outperform” rating and $82 price target. The firm has “Overweight” rating given on Thursday, February 4 by Piper Jaffray. The stock of Target Corporation (NYSE:TGT) has “Neutral” rating given on Thursday, May 19 by JP Morgan.
According to Zacks Investment Research, “Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. They offer both everyday essentials and fashionable, differentiated merchandise at exceptional prices. Their ability to deliver a shopping experience that is preferred by their guests is supported by their strong supply chain and technology infrastructure. They operate as a single business segment. Their credit card operations represent an integral component of their core retail business. They also operate a fully integrated online business, Target.com. Although Target.com is small relative to their overall size, its sales are growing at a much more rapid pace than their in-store sales, and it provides important benefits to their stores and credit card operations.”
More recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: “Target Corporation: Performance Will Be Challenged In The Near Term” on October 08, 2016. Also Usnews.com published the news titled: “Target Corporation Has Another Problem (TGT)” on September 14, 2016. Seekingalpha.com‘s news article titled: “Target: Getting Ripe” with publication date: October 10, 2016 was also an interesting one.
TGT Company Profile
Target Corporation, incorporated on February 11, 1902, offers everyday essentials and merchandise to its customers. The Firm sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. The Company’s digital channels include a range of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold only online. The Company’s brands include Archer Farms, Market Pantry, Threshold, Simply Balanced, Merona, up & up, Boots & Barkley, Room Essentials, Wine Cube, Circo, Smith & Hawken, Xhilaration, Embark, Ava & Viv, Spritz and Sonia Kashuk.
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