Target Corp

NYSE:TGTUnited States

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• Evercore ISI Raises Target's Price Target to $180 From $178, from 20 minutes ago by MT Newswires

  20 minutes ago by MT Newswires
  Companies Mentioned: TGT
  02:17 PM EDT, 05/20/2024 (MT Newswires) -- Target (TGT) has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from $136 to $220. (MT Newswires covers equity, commodity and economic research fr...

• DJ Target Price Cuts Could Drive Profitable Growth Even if Margins Slip -- Market Talk, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: TGT
  
  1132 ET - Target's planned price cuts could be a win-win for customers and the company, analysts at Jefferies say in a research note. The retailer's actions could help it retain and gain market share and drive sales growth over time, the analysts say. They note that although the pricing actions could hinder margins, they believe that the company has efficiency offsets which could drive more profitable growth ahead. Target says it will lower prices on 5,000 frequently shopped items, with lower prices on items ranging from milk, meat, fresh fruit and vegetables, snacks, pet food and more implemented or in the works. (denny.jacob@wsj.com; @pennedbyden)
  

• DJ Target Price Cuts Could Help Keep Shoppers From Pivoting To Walmart -- Market Talk, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: TGT, WMT
  
  0815 ET - Target will lower prices on 5,000 frequently shopped items, a move that may keep consumers from spending at other retailers with value offerings such as Walmart. Target says it's cutting prices on items ranging from milk, meat, fresh fruit and vegetables, snacks, pet food and more. The move comes as Walmart's latest results last week showed rising sales as shoppers kept spending on inexpensive everyday necessities, while also gaining market share with higher-income households particularly in the grocery category. Walmart CFO John David Rainey told WSJ the company is benefiting from an economic environment where people are looking for value. (denny.jacob@wsj.com; @pennedbyden)
  

• Deutsche Bank Raises Price Target on Target to $209 From $206, from 6 hours ago by MT Newswires

  6 hours ago by MT Newswires
  Companies Mentioned: TGT
  07:48 AM EDT, 05/20/2024 (MT Newswires) -- Target (TGT) has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from $136 to $220. (MT Newswires covers equity, commodity and economic research f...

• DJ Target's Price Cuts Touch Key Household Items -- Market Talk, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: TGT
  
  0740 ET - Target's planned price cuts on frequently shopped items directly touch many goods that have cost more due to prolonged inflation. The retailer says lower prices will be seen on items ranging from milk, meat, fresh fruit and vegetables, snacks, pet food and more. The latest CPI data shows the price of chicken rising 0.7% and beef and veal climbing 7% in April over the past year. But, pets and pet products declined 0.5%, and snacks fell 1.3% in April over the past year. Target says it will lower prices on about 5,000 frequently shopped items and has just reduced prices on about 1,500 items, with thousands more price cuts planned to take place over the summer months. (denny.jacob@wsj.com; @pennedbyden)