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Stock Market & Financial Investment News

News Breaks
February 3, 2014
13:33 EDTTGTAnalyst says Target's valuation looks attractive
Target's (TGT) valuation remains "compelling," Wells Fargo wrote in a note to investors earlier today. WHAT'S NEW: Wells Fargo analyst Matt Nemer lowered his estimates for Target to reflect costs stemming from the data breach during the holiday season, but the analyst thinks the stock's valuation is very attractive at current levels. Moreover, he believes that the data breach will cost the retailer hundreds of millions of dollars, not billions of dollars as some have estimated. Target will still be able to repurchase at least $2 billion of its shares this year, wrote Nemer, adding that the retailer has limited exposure to recent macro economic turbulence overseas, while its customers are mostly middle class. Nemer trimmed his price target on the shares to $62-$66 from $67-$71, but kept an Outperform rating on the stock. PRICE ACTION: In mid-afternoon trading, Target dropped $1.07, or 1.9%, to $55.55
News For TGT From The Last 14 Days
Check below for free stories on TGT the last two weeks.
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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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