Telsey Advisory Keeps Their Hold Rating on Target

By Carrie Williams

In a report released today, Joe Feldman from Telsey Advisory reiterated a Hold rating on Target (NYSE: TGT), with a price target of $60. The company’s shares opened today at $55.25, close to its 52-week low of $52.72.

According to TipRanks.com, Feldman is a 2-star analyst with an average return of 1.5% and a 55.3% success rate. Feldman covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Wal-Mart Stores Inc, and Michaels Companies.

Target has an analyst consensus of Moderate Sell, with a price target consensus of $64.

Target’s market cap is currently $30.33B and has a P/E ratio of 11.66. The company has a book value ratio of 2.7947.

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Target Corp. engages in owning and operating of general merchandise stores. It also operates SuperTarget stores with a line of food and general merchandise items and offers an assortment of general merchandise, including many items found in the company’s stores and a complementary assortment, such as extended sizes and colors, sold only online. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.