JP Morgan Analysts Upgrades Target; Expects Growth Over the Next Two Years (TGT)
Target Corporation (TGT) received an upgraded from analysts at JP Morgan on Monday.
The analysts boosted its rating on Target from “Neutral” to “Overweight” with a price target of $76. That price target is a 21.2% upside from its Friday closing price of $62.71.
JP Morgan also suggests that TGT should see earnings growth accelerate in the next two years.
Target shares were up 63 cents, or +1.00%, in premarket trading on Monday.
The Bottom Line
Shares of Target Corporation (TGT) have a 2.30% dividend yield, based on Friday’s closing stock price of $62.71. The stock has technical support in the $59-$60 price area. The shares are trading near all-time highs of $65-$66 a share.
Target Corporation (TGT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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