The stock of Target Corporation (NYSE:TGT) is a huge mover today! About 11.54M shares traded hands or 159.91% up from the average. Target Corporation (NYSE:TGT) has declined 12.64% since April 14, 2016 and is downtrending. It has underperformed by 17.33% the S&P500.
The move comes after 8 months positive chart setup for the $43.77B company. It was reported on Nov, 16 by Barchart.com. We have $114.61 PT which if reached, will make NYSE:TGT worth $21.45B 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 rating was initiated by Miller Tabak with “Buy” on Friday, July 29. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by Deutsche Bank on Monday, May 16. M Partners maintained the stock with “Neutral” rating in Thursday, February 25 report. The stock of Target Corporation (NYSE:TGT) has “Buy” rating given on Thursday, August 18 by Citigroup. Cowen & Co downgraded the stock to “Market Perform” rating in Monday, September 12 report. UBS maintained Target Corporation (NYSE:TGT) rating on Thursday, November 19. UBS has “Neutral” rating and $75 price target. Morgan Stanley maintained the shares of TGT in a report on Saturday, August 22 with “Underweight” rating. Zacks upgraded Target Corporation (NYSE:TGT) rating on Thursday, August 20. Zacks has “Hold” rating and $91 price target. M Partners maintained the stock with “Neutral” rating in Thursday, August 20 report. The firm earned “Peer Perform” rating on Friday, April 29 by Wolfe Research.
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 notable recent Target Corporation (NYSE:TGT) news were published by: Valuewalk.com which released: “Target Corporation (TGT) Surges On Beat And Raise, Lowe’s Slides On Sales Miss” on November 16, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Target Corporation, 33.3% Follow-Through Indicator …” published on November 16, 2016, Investorplace.com published: “2 Bullish Trades for Target Corporation (TGT) Stock Earnings” on November 14, 2016. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “Market Challenge: Target Delivers” published on November 16, 2016 as well as Nasdaq.com‘s news article titled: “Target Corporation (TGT) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 11, 2016.
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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