Target's (TGT) Q3 Comp Guidance Misses
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Go back to Target's (TGT) Q3 Comp Guidance Misses
August 20, 2015 8:02 AM EDT
Cowen maintained an Outperform rating and $90.00 price target on Target (NYSE: TGT) following signature changes. Analyst Oliver Chen views TGT's newness in signature categories, in particular, the strength in home/ apparel is showing structural improvement in traffic trends. Cowen is hosting the... More
August 19, 2015 8:00 AM EDT
Target (NYSE: TGT) reported Q2 EPS of $1.22, $0.11 better than the analyst estimate of $1.11. Revenue for the quarter came in at $17.4 billion versus the consensus estimate of $17.4 billion.
Second quarter comparable sales growth of 2.4 percent was in line with the companys expectations, driven primarily by growth in comparable transactions.
In third quarter 2015, Target expects Adjusted EPS of $0.79 to $0.89 compared with $0.79 in... More
