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Stock analysts at S&P Equity Research boosted their price objective on shares of Target (NYSE:TGT) from $3.07 to $4.53 in a report issued on Monday. The firm currently has an “average” rating on the stock. S&P Equity Research’s price target suggests a potential downside of 92.43% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Target to a “buy” rating in a research note on Monday. Separately, analysts at Prime Executions reiterated a “neutral” rating on shares of Target in a research note on Thursday. Finally, analysts at Telsey Advisory Group raised their price target on shares of Target from $62.00 to $69.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $60.65.

Target (NYSE:TGT) traded up 0.85% on Monday, hitting $60.36. 2,021,906 shares of the company’s stock traded hands. Target has a one year low of $54.66 and a one year high of $72.07. The stock’s 50-day moving average is $59.37 and its 200-day moving average is $58.98. The company has a market cap of $38.250 billion and a price-to-earnings ratio of 20.22.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 21st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.01. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.02 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Target will post $3.69 EPS for the current fiscal year.

Target Corporation sells a range of assortment of general merchandise and food in its stores. The Company’s general merchandise and CityTarget stores offer a food assortment on a smaller scale and its SuperTarget stores offer a line of food items comparable to traditional supermarkets.

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