Target pullback would be a buying opportunity, says RW Baird Baird would use any pullback in Target as a good long-term buying opportunity as it believes Canada will drive a meaningful acceleration in earnings. The firm expects in-line Q4 results and conservative guidance and sees a modest risk to Q1 comps and estimates as comparisons look tough. Shares are Outperform rated with a $70 price target.
Target CEO hands-on with Canadian turnaround, Globe and Mail says Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link