Target's online sales growth slows; margins pressured
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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 ESTPiper 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
