Guggenheim raised the firm’s price target (TGT) on Target to $155 from $145 and keeps a Buy rating on the shares after Target announced total sales for November and December combined increased 2.8%. Given the November/December results and the firm’s revised outlook on discretionary spend at Target, it has slightly increased its FY24 EPS estimate to $8.65 from $8.60, but notes that its FY25 EPS estimate of $9.50 remains unchanged.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGT:
- Count on Dividend King Pepsi (PEP) for Stability in a Volatile Market
- Walmart (NYSE:WMT) Opens New Headquarters, Builds Store Brands
- Elf Beauty can report another beat-and-raise, says DA Davidson
- Mattel named ‘attractive value idea’ at DA Davidson
- Target price target raised to $134 from $129 at Truist