Raymond James analyst Matthew McClintock initiated Target (TGT) with a Strong Buy rating and $130 price target. In a research note titled 'Targeting the Retail Apocalypse Bears and Winning,' McClintock said that Target is "well positioned to take market share" from weaker retailers, and sees annual EPS growth of high-single-digit to 10% for the retailer going forward. The analyst also noted that Target, through its Shipt acquisition, has same day delivery, beating Amazon's (AMZN) next-day delivery.
Source the fly.
Average analysts price target $112
Average analysts recommendation Overweight
P/E ratio 17.85
Yield 2.45%
Short interest 3.89%
Source the fly.
Average analysts price target $112
Average analysts recommendation Overweight
P/E ratio 17.85
Yield 2.45%
Short interest 3.89%