RBC Capital raised the firm’s price target (TGT) on Target to $153 from $132 and keeps an Outperform rating on the shares. The company posted a strong earnings beat and raise in Q1, with comps up 5.6%, exceeding consensus 2.2% and buy-side estimates of the 4%-5% range, the analyst tells investors in a research note. Organizational changes driving a better consumer experience, RBC added, also citing a “one-off” tailwind of increased tax refunds y/y.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGT:
- Target price target raised to $127 from $121 at Piper Sandler
- Target price target raised to $135 from $125 at Baird
- Target price target raised to $127 from $112 at Goldman Sachs
- Analyst Reiterates Sell on Target as Growth Slows and Competitive, Macro Risks Justify Conservative $110 Price Objective
- Target Corp Earnings Call Signals Cautious Rebound