Analyst Rating Update on Target Corporation (TGT)

Target Corporation (TGT) : Zacks Investment Research ranks Target Corporation (TGT) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.37, which indicates as a Buy.

Target Corporation (TGT) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $95 and the lowest price target forecast is $65. The average forecast of all the analysts is $78.88 and the expected standard deviation is $8.97.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Goldman Sachs maintains its rating on Target Corporation (NYSE:TGT). As per the latest information, the brokerage house lowers the price target to $75 per share from a prior target of $85. The shares have been rated Neutral. The rating by the firm was issued on May 20, 2016.


Target Corporation (NYSE:TGT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.21 and $72.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.10, notching a gain of 0.28% for the day. The total traded volume was 5,490,134 . The stock had closed at $73.89 on the previous day.

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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