Goldman Sachs Maintains Target Corporation to Neutral with Price Target $71.00

Brokerage firm Goldman Sachs Maintains its rating on Target Corporation(NYSE:TGT). In a research note issued to the investors, the brokerage major Lowers the price-target to $71.00 per share. The shares have been rated Neutral. The rating by Goldman Sachs was issued on Aug 18, 2016.

In a different note, On Aug 18, 2016, Citigroup said it Maintains its rating on Target Corporation. The shares have been rated ‘Buy’ by the firm.

Target Corporation (TGT) made into the market gainers list on Mondays trading session with the shares advancing 1.00% or 0.7 points. Due to strong positive momentum, the stock ended at $71.05, which is also near the day’s high of $71.14. The stock began the session at $70.43 and the volume stood at 39,92,230 shares. The 52-week high of the shares is $84.14 and the 52 week low is $65.5. The company has a current market capitalization of $40,844 M and it has 57,48,64,720 shares in outstanding.

Target Corporation(TGT) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $16.17B. Analysts had an estimated revenue of $16.17B. Earnings per share were $1.23. Analysts had estimated an EPS of $1.12.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Calvin Darden (director) sold 37,105 shares at $67.02 per share price.Also, On May 23, 2016, Catherine R Smith (Executive Officer) purchased 5,000 shares at $67.82 per share price.On Mar 18, 2016, Timothy R Baer (Executive Officer) sold 23,782 shares at $82.06 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & O’Malley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.

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