Brokerage Firm Rating Update on Target Corporation (TGT)

Target Corporation (TGT) : 15 analysts are covering Target Corporation (TGT) and their average rating on the stock is 2.42, which is read as a Buy. 6 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 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Target Corporation (TGT) : The highest level Target Corporation (TGT) is projected to reach is $89 for the short term and the lowest estimate is at $64. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $75.64 and the possibility the share price can swing is $7.05.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Citigroup maintains its ratings on Target Corporation (NYSE:TGT). In the latest research report, Citigroup maintains the target price to $80 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 18, 2016.

Target Corporation (NYSE:TGT): The stock opened at $69.94 and touched an intraday high of $70.42 on Wednesday. During the day, the stock corrected to an intraday low of $69.81, however, the bulls stepped in and pushed the price higher to close in the green at $70.3 with a gain of 0.29% for the day. The total traded volume for the day was 5,131,516. The stock had closed at $70.1 in the previous trading session.

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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