Target (TGT) PT Raised to $180 at TD Cowen
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Price: $134.30 +3.52%
Rating Summary:
20 Buy, 27 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 13 | New: 23
Rating Summary:
20 Buy, 27 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 13 | New: 23
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TD Cowen analyst Oliver Chen raised the price target on Target (NYSE: TGT) to $180.00 (from $165.00) while maintaining a Hold rating.
The analyst commented, "2Q EPS at $2.57 beat Street's $2.18 on better traffic-driven comps at +2% (1st positive comps since 4Q22) and discretionary tailwinds in gross margin at 28.9% or +190bps Y/Y vs. Street's +120bps. Apparel +3% and beauty +9% were key traffic drivers but all categories contributed. Low price execution & easier compares helped as TGT saw no consumer health change."
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