Target Corporation (TGT): Price Target and June Short Interest Disclosure

Target Corporation (TGT) : 16 Wall Street analysts covering Target Corporation (TGT) believe that the average level the stock could reach for the short term is $78.88. The maximum price target given is $95 and the minimum target for short term is around $65, hence the standard deviation is calculated at $8.97.

The short interest in Target Corporation (TGT) has declined from 37,605,865 on June 15,2016 to 35,302,605 on June 30,2016. The change was measured at 2,303,260 shares or 6.1%. The leftover shorts were 6% of the floated shares. The days to cover are 6, given the average daily volume of 6,055,313 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Goldman Sachs maintains its view on Target Corporation (NYSE:TGT) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs lowers the price target from $85 per share to $75 per share on Target Corporation. The rating by the firm was issued on May 20, 2016.


Target Corporation (NYSE:TGT): stock turned positive on Thursday. Though the stock opened at $73.59, the bulls momentum made the stock top out at $74.22 level for the day. The stock recorded a low of $73.49 and closed the trading day at $73.49, in the green by 0.44%. The total traded volume for the day was 4,802,014. The stock had closed at $73.17 in the previous days trading.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

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