Target Reports Third Quarter 2015 Earnings
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Piper Jaffray Reiterates Overweight as Target (TGT) Experiences Slowdown in Digital Platform; Still Seeks 40% Digital Growth
November 18, 2015 3:59 PM UTCPiper Jaffray reiterated an Overweight rating and $88.00 price target on Target (NYSE: TGT) following the company's 3Q earnings report. Target posted strong comps in Q3 (+1.9%) which accelerated 70bp on a 2-yr basis. Target's merchandising initiatives continue to resonate with its guests as traffic improved +1.4% in... More
Target (TGT) Reports In-Line Q3 EPS; Boosts FY15 EPS Outlook
November 18, 2015 8:02 AM UTCTarget (NYSE: TGT) reported Q3 EPS of $0.86, in-line with the analyst estimate of $0.86. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.57 billion.
Third quarter comparable sales growth of 1.9 percent was near the high-end of the companys expectations,... More
