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Stock Market & Financial Investment News

News Breaks
January 2, 2013
05:57 EDTTGTTarget downgraded to Hold from Buy at Jefferies
Jefferies downgraded Target on concerns the company had a tough holiday season. The firm expects soft December sales results from Target due to poor online execution, weak results with the Neiman Marcus merchandising initiative, and increased competition. Jefferies cut its earnings estimates for Target and dropped its price target for shares to $59 from $74.
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May 16, 2013
10:02 EDTTGTTarget losing traffic, says Buckingham
Buckingham said Target (TGT) is significantly under performing Wal-Mart (WMT) and that its less promotional marketing and consumer offerings are losing traffic. Shares are Neutral rated with a $65 price target.
May 14, 2013
08:06 EDTTGTBofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am.
May 8, 2013
07:44 EDTTGTBofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm.
07:11 EDTTGTTarget uses Facebook to see if deals attract shoppers to stores, Reuters reports
Target (TGT) is rolling out a service that combines social networking and discounts to attract shoppers into its physical stores. The company’s program relies on shoppers using their Facebook (FB) accounts, and they can only redeem the offers they choose in Target's U.S. stores, not online, reports Reuters.Reference Link
06:05 EDTTGTOn the Fly: Periodicals Wrap-Up
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