B of A Securities Maintains Target (TGT) Neutral Recommendation

Fintel reports that on October 2, 2023, B of A Securities maintained coverage of Target (NYSE:TGT) with a Neutral recommendation.

Analyst Price Forecast Suggests 45.16% Upside

As of August 31, 2023, the average one-year price target for Target is 154.89. The forecasts range from a low of 131.30 to a high of $193.20. The average price target represents an increase of 45.16% from its latest reported closing price of 106.70.

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The projected annual revenue for Target is 112,126MM, an increase of 3.81%. The projected annual non-GAAP EPS is 9.71.

What is the Fund Sentiment?

There are 2765 funds or institutions reporting positions in Target. This is a decrease of 253 owner(s) or 8.38% in the last quarter. Average portfolio weight of all funds dedicated to TGT is 0.30%, a decrease of 20.92%. Total shares owned by institutions decreased in the last three months by 1.78% to 433,207K shares. The put/call ratio of TGT is 0.62, indicating a bullish outlook.

What are Other Shareholders Doing?

Capital World Investors holds 32,712K shares representing 7.09% ownership of the company. In it's prior filing, the firm reported owning 36,088K shares, representing a decrease of 10.32%. The firm decreased its portfolio allocation in TGT by 32.83% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,408K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 14,252K shares, representing an increase of 1.08%. The firm decreased its portfolio allocation in TGT by 25.72% over the last quarter.

Bank Of America holds 11,450K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 12,905K shares, representing a decrease of 12.71%. The firm increased its portfolio allocation in TGT by 182.72% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 10,989K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 10,741K shares, representing an increase of 2.26%. The firm decreased its portfolio allocation in TGT by 26.20% over the last quarter.

AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 9,555K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 9,637K shares, representing a decrease of 0.86%. The firm decreased its portfolio allocation in TGT by 19.47% over the last quarter.

Target Background Information
(This description is provided by the company.)

Minneapolis-based Target Corporation serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week.

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