Union Pacific (UNP) Stock Falls on Margins Warning
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Stifel Reiterates Hold Rating on Target (TGT), Cuts Estimates
June 7, 2022 2:25 PM EDTStifel analyst Mark S. Astrachan reiterated a Hold rating and $185.00 price target on Target (NYSE: TGT).
The analyst comments "Earlier today, Target negatively updated 2022 expectations largely reflecting measures to be implemented to right-size its inventory across discretionary categories. The company is planning several... More
Evercore ISI on Target (TGT): 'this is Target’s 2nd guide down in under a month', 'we believe investors will need to be patient'
June 7, 2022 9:34 AM EDTEvercore ISI analyst Greg Melich reiterated an In Line rating and $180.00 price target on Target (NYSE: TGT).
The analyst comments "Ongoing margin pressure is likely to constrain TGTs multiple at around a 20-25% S&P discount on CY23 earnings, or 12-13x for the next few quarters. More pass-through power, clean inventory, and additional cost savings are likely needed to win back an S&P multiple or better with steady share gain. Target is winning share and driving traffic while also working to contain inflationary cost pressure. Elevated inventories are... More
