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Stock Market & Financial Investment News

News Breaks
February 26, 2013
12:27 EDTTGTEarnings Preview: Target sees Q4 EPS at low end of $1.64-$1.74 view
Target (TGT) is scheduled to report Q4 before the market open on Wednesday, February 27, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business... EXPECTATIONS: Analysts are looking for EPS of $1.48 on revenue of $22.66B, according to First Call. The consensus range for EPS is $1.45-$1.54 on revenue of $21.94B-$23.12B... LAST QUARTER: Target reported Q3 adjusted EPS of 90c against estimates for 79c on revenue of $16.B against estimates for $16.93B. The company forecast Q4 adjusted EPS $1.64-$1.74 and also guided FY adjusted EPS $4.75-$4.85. In early January, Target said it expected that Q4 EPS would meet or somewhat exceed the low end of its prior view. During the quarter, the retailer reported December "essentially flat" same-store sales and said January SSS increased 3.1%. Target hired Jason Goldberger as senior VP of Target.com and Mobile, which Wells Fargo said was a significant developing, signalling Target's increased focus on eCommerce and a willingness to hire outside the organization. RadioShack (RSH) announced the end of its relationship with Target where it helps operate Target Mobile in 1,500 Target stores, effective April 8. Target also said it would price match top online retailers year-round, including Amazon.com (AMZN), Walmart.com (WMT), BestBuy.com (BBY) and Toysrus.com... STREET RESEARCH: Despite the weak holiday season, MKM Partners said it expects Target will report "solid" profits, adding that the pickup in January was "encouraging". The firm expects Target Canada to be accretive in 4Q13 and sees the completion of the sale of Target's credit card portfolio in 1H. Piper Jaffray sees Target reporting Q4 GAAP earnings about $1.48. Cowen recently initiated Target with a Neutral rating... PRICE ACTION: Year-to-date, Target shares are up about 7.5%. In mid-day trading today, ahead of tomorrow's earnings report, shares are up almost 1.5%.
News For TGT From The Last 14 Days
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September 18, 2014
11:01 EDTTGTTarget to hire 70,000 seasonal workers in 2014, CNBC reports
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September 15, 2014
09:59 EDTTGTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Realty (ARCP) initiated with an Overweight at JPMorgan... Athlon Energy (ATHL) initiated with a Buy at KLR Group... Capital Product (CPLP) initiated with a Buy at Jefferies... Continental Resources (CLR) initiated with a Buy at Canaccord... Costco (COST) initiated with a Buy at Citigroup... Infinera (INFN) initiated with an Outperform at Barrington... NRG Yield (NYLD) initiated with an Outperform at RBC Capital... PTC Therapeutics (PTCT) initiated with a Buy at Deutsche Bank... Power Solutions (PSIX) initiated with an Outperform at Northland... ServiceNow (NOW) initiated with an Outperform at William Blair... Target (TGT) initiated with a Neutral at Citigroup... Team (TISI) initiated with a Neutral at Sidoti... VeriFone (PAY) initiated with a Buy at Monness Crespi... Wal-Mart (WMT) initiated with a Neutral at Citigroup... Whiting Petroleum (WLL) initiated with a Buy at Canaccord... Winnebago (WGO) initiated with an Outperform at BMO Capital.
06:11 EDTTGTTarget initiated with a Neutral at Citigroup
Citigroup started shares of Target with a Neutral rating saying the risk/reward is fair with valuation at three year highs. Citi believes Target is taking the right steps to improve execution and set a $66 price target for the stock.
September 9, 2014
16:15 EDTTGTTarget CEO to narrow focus to re-energize 'signature' categories, WSJ says
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13:58 EDTTGTStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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