Target comp sales beat shows turnaround efforts gaining traction
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Piper Jaffray Cuts Price Target on Ralph Lauren (RL) as President of Global Brands Announces Intention to Leave
February 26, 2016 7:23 AM ESTPiper Jaffray reiterated a Neutral rating on Ralph Lauren (NYSE: RL), and cut the price target to $82.00 (from $94.00), following the company's announcement that the President of Global Brands, Chris Peterson, will be leaving the company. Mr. Peterson's departure is on the heels of Jacki Nemerov's departure (the former COO). Piper Jaffray believes his... More
Piper Jaffray Remains Bullish Following Target's (TGT) Strong Guidance
February 25, 2016 8:23 AM ESTPiper Jaffray maintained an Overweight rating on Target (NYSE: TGT), and cut the price target to $81.00 (from $84.00), following the company's 4Q. Traffic continues to be the main driver, and was up for the 5th straight quarter. Management expects FY17 comps in the... More
Wells Fargo Remains Bullish as Target's (TGT) 4Q Results Falls Within Guidance
February 24, 2016 11:32 AM ESTWells Fargo reiterated an Outperform rating on Target (NYSE: TGT) following the company's 4Q earnings results. Q4 adjusted EPS of $1.52 missed the consensus of $1.54, but was within the company's guidance range of $1.48 to $1.58. TGT provided Q1 EPS guidance of $1.15-$1.25 vs the Street at $1.20.
Analyst Matt Nemer commented, "Q4 adjusted EPS of $1.52 missed... More
