Target Corporation (TGT) Receives Price Target

Target Corporation (TGT) stock is expected to deviate a maximum of $7.05 from the average target price of $75.64 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 $64.

Target Corporation (TGT) has an average broker rating of 2.42, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, In a research note released to the investors, Citigroup maintains its rating on Target Corporation (NYSE:TGT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup maintains the price target of $80 per share. The rating by the firm was issued on August 18, 2016.

Target Corporation (NYSE:TGT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.34 and $70.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.58, notching a gain of 0.56% for the day. The total traded volume was 5,199,939 . The stock had closed at $70.19 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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