Target: Jefferies maintains 'hold' rating - ups target price

(CercleFinance.com) - Jefferies maintains its "hold" recommendation on the Target share, while raising its target price from 85 dollars to 111 dollars, pointing out that the discount retailer's investments are "bearing fruit".


"Given biz momentum, easing 2H19 compares and an updated guide that looks very achievable/beatable, shares have room to run N-T," the broker says.

"However, the F20 picture remains murky, and we're not yet willing to underwrite cont'd EBIT% gains," Jefferies says though, saying that the share's upside potential is "hampered".


Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.