Target Corporation (TGT) Receives ‘Analyst’ Rating

Target Corporation (TGT) : 15 analysts are covering Target Corporation (TGT) and their average rating on the stock is 2.55, which is read as a Hold. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Target Corporation (TGT) stock is expected to deviate a maximum of $7.96 from the average target price of $74.79 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $89 and the most muted being $60.


Also, Brokerage firm Citigroup maintains its rating on Target Corporation (NYSE:TGT). In a research note issued to the investors, the brokerage major maintains price-target of $80 per share.The shares have been rated Buy. The rating by the firm was issued on August 18, 2016.

Target Corporation (NYSE:TGT): After opening at $68.06, the stock dipped to an intraday low of $67.92 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $69.315 and the buying power remained strong till the end. The stock closed at $69.21 for the day, a gain of 1.48% for the day session. The total traded volume was 5,374,772. The stocks close on the previous trading day was $68.2.

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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