Target Corporation stock price

Target Corporation latest news:


  • 01/19/2018 16:38:45

    Rent-A-Center, Vintage Capital sign standstill deal amid buyout talks

    Buyout firm Vintage Capital Management LLC has agreed not to raise its stake in its acquisition target Rent-A-Center Inc (RCII) or seek to gain control of its board as they talk about a potential deal, the furniture retailer said on Friday.

  • 01/19/2018 15:48:13

    BRIEF-U.S. FDA Grants Priority Review For Daratumumab In Front Line Multiple Myeloma

    Genmab A/S(GNMSF): * U.S. FDA GRANTS PRIORITY REVIEW FOR DARATUMUMAB IN FRONT LINE MULTIPLE MYELOMA. * GENMAB(GNMSF) - FDA HAS ASSIGNED PDUFA TARGET DATE OF MAY 21, 2018 TO TAKE A DECISION ON DARATUMUMAB IN THE INDICATION Source text for Eikon: Further company coverage:

  • 01/19/2018 06:02:01

    Nike's stock jumps after rating, price target raised

    Shares of Nike Inc. rallied 1.1% in premarket trade Friday, after the athletic gear company was upgraded at Wedbush, which cited increasing confidence that an inflection in margin and a return to growth in North America will materialize in fiscal 2019, which begins in June of this year. Analyst Christopher Svezia raised his rating to outperform from neutral, and boosted his stock price target to $74 from $57. He said fiscal fourth-quarter 2018 results, which ends in May, should show overall gross margin expansion for the first time in 10 quarters, as pricing pressure on footwear subsides and direct-to-consumer sales increase. In addition, Svezia said there are more "tangible product drivers to the story around casual and lifestyle that should resonate and be more impactful to consumers." The stock has soared 21.7% over the past three months, while the Dow Jones Industrial Average has gained 12.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/18/2018 12:25:48

    Target to launch its first exclusive fragrance brand, Good Chemistry, on Jan. 21

    Target Corp. is adding a fragrance brand to its roster of exclusive lines with Good Chemistry, available at all Target stores on Jan. 21. Good Chemistry will include four collections: Confident and Charming, Good and Grounded, Vibrant and Playful and Cool and Collected. Each will have four scents. All of the fragrances will be vegan and paraben-free. Good Chemistry fragrances will be priced from $9.99 to $24.99. Target's private label brands include Cat & Jack and it's new women's denim brand, Universal Thread. "Target's push into beauty demonstrates that they are trying to combat an increasing trend of sales shifting from mass merchandisers to specialty beauty stores (like Sephora or Ulta) and online (to platforms like Amazon)," said Tom Gehani, director of retail client strategy and research, at L2. "From 2011 to 2016, mass merchants like Target went from 14% of beauty sales to 12%, while specialty retailers like Sephora and Ulta grew by 22%," he added, citing research from Fung Global Retail and Technology. Target shares are up 28.5% for the past three months while the S&P 500 index is up 9.5% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/18/2018 11:12:20

    NY Fed chief tells FT that central bank should review inflation target

    New York Fed President Bill Dudley told the Financial Times the central bank should review its inflation target, which is 2%. In the context of how the Fed could act if rates again approach zero, he said it was worth considering whether to shift to a price-level target. The report also said the Fed could consider moving to an inflation target range of 1.5% to 2.5%. Dudley told the newspaper he was against increasing the inflation target to 4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/18/2018 07:16:34

    PayPal price target raised to Street-high $95 at Jefferies

    Shares of PayPal Holdings Inc. were little changed in premarket trading Wednesday after Jefferies analyst Ramsey El-Assal raised his price target on the stock to $95, a new Street high. He's upbeat about broad consumer spending trends toward the end of last year, ahead of PayPal's fourth-quarter earnings release. "Particularly robust eCommerce figures in October/November/December... mirror the structural shift from in-store to online spending," El-Assal wrote, citing SpendTrend data. He also likes the company's free-cash-flow positioning as a result of selling its loan portfolio to Synchrony Financial . " We continue to view PayPal as a compelling long term opportunity given scarcity value among large-caps due to growth/profitability profile, global secular tailwinds, and an enviable cash flow/balance sheet position," he wrote. The stock closed at a new record high on Tuesday. PayPal shares are up 99% over the past 12 months, while the S&P 500 Index is up 23% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/18/2018 00:33:41

    China's economy grows by 6.9% in 2017

    The figure beats Beijing's official growth target of about 6.5%, though some question China's GDP data.

  • 01/17/2018 10:56:00

    Tiffany & Co.'s price target raised after company announces fiscal 2018 spending plan

    Tiffany & Co.'s price target was bumped up to $108 from $96 at Wells Fargo after the luxury jeweler announced plans to reinvest its tax reform savings in the business. Analysts maintained their market perform stock rating. Tiffany shares are up 2.1% in Wednesday trading. "What's most interesting about this is that Tiffany is essentially saying that they plan to reinvest all of their upcoming tax upside (which we estimate to be 35-to-40 cents) back into the business - a prudent move given their need to invest more heavily in sales driving initiatives," the Wells Fargo note says. During Wednesday's premarket, Tiffany announced its holiday sales figures and said it would take a $115 million-to-$165 million charge for the quarter ending Jan. 31, 2018 to reevaluate deferred tax assets and repatriation tax on foreign earnings. For fiscal 2018, Tiffany "anticipates increased levels of spending in a number of areas, including technology, marketing communications, visual merchandising, digital and store presentations," the release said. Wells Fargo analysts believe this strategy could be a positive in the long term "as Tiffany's top-line performance has been choppy for the past few years, potentially requiring significant investment to reinvigorate growth." Tiffany shares are up 37.4% for the past year, outpacing the S&P 500 index , which is up 23.3% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/16/2018 15:33:00

    Exelixis, Ipsen report positive cancer-study results

    Exelixis Inc. and Ipsen said Tuesday that a cancer drug achieved its target in a late-stage study and will be submitted to the Food and Drug Administration before the end of the quarter. The companies said that its cabozantinib drug helped patients with advanced hepatocellular carcinoma survive a median 2.2 months longer than patients who received placebos in a phase 3 trial. "Given the worldwide prevalence of advanced hepatocellular carcinoma, there is a continued urgency to bring new treatment options to this patient population," Exelixis Chief Medical Officer Gisela Schwab said in Tuesday's announcement. "We look forward to submitting our supplemental New Drug Application to the FDA for cabozantinib in the first quarter of 2018." The companies plan to present the results at a symposium in San Francisco later this week, and will hold a webcast meant for investors Friday evening. Exelixis shares were halted ahead of the announcement, and gained about 2% in after-hours action after they began trading again at 5:30 p.m. Eastern time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/16/2018 08:53:25

    Nvidia stock rises after analysts praise automotive opportunities

    Nvidia Corp. shares are up 2% in Tuesday morning trading after a pair of analysts expressed their optimism about the company. "Despite our view that 2018 will be a year of growing pains for semis, Nvidia's strength in AI today, and autonomous driving in the future, make it the king of this jungle in our view," wrote SunTrust Robinson Humphrey analyst William Stein. He's impressed with the company's recently announced partnerships with companies in the automotive space, including Volkswagen and Uber. "While autonomous driving technology was the hottest topic at the [CES] event, we also noticed that much of the discussion centered around co-pilot technology, including the Nvidia-powered Volkswagen ID Buzz," Stein wrote. He also likes the in-car infotainment system that Nvidia designed for Mercedes, as well as the company's discussion of its first Drive Xavier processors. Separately, analysts at Mizuho raised their price target on shares to $240 from $225, also citing automotive opportunities. Nvidia shares have gained 119% in the past 12 months, compared with a 23% rise for the S&P 500 Index and a 45% gain for the Philadelphia Semiconductor Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/16/2018 08:00:00

    Amazon's stock jumps toward 10th-straight gain to another record

    Amazon.com Inc.'s stock surged 2.2% to another record high, as it heads for the longest win streak in 4 1/2 years, after another analyst price target increase. The stock is on track for a 10th-straight gain--it has gained every session so far in 2018--which would be the longest such streak since the 10-day streak ending July 12, 2013. The stock has rocketed $164.29, or 14%, during the streak, to boost the e-commerce giant's market capitalization by about $79.2 billion to $642.70 billion. On Tuesday, BMO Capital analyst Daniel Salmon raised his stock price target to $1,600, which is the highest among the 48 analysts surveyed by FactSet. Amazon's stock has run up 32.5% over the past three months, while the S&P 500 has gained 9.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/16/2018 07:36:57

    Amazon stock rises after BMO raises price target to new Street high

    Shares of Amazon.com Inc. gained 1.8% in Tuesday morning trading after analysts at BMO Capital Markets raised their price target on shares to $1,600, the highest among analysts tracked by FactSet. The analysts, led by Daniel Salmon, are upbeat about Amazon's advertising opportunities and believe that the ad business represents an $18 billion total addressable market "in the midterm." He thinks Amazon could eventually generate 22% of its total gross merchandise value from direct response ads. Separately, analysts at Oppenheimer raised their price target to $1,450 and named Amazon their "top large-cap pick" for the year. "Amazon is best positioned among our large-cap universe to benefit from secular trends - shift to e-commerce, public cloud, automation and digital advertising - further supported by an improving global macroeconomic backdrop and domestic tax reform," wrote the analysts, led by Jason Helfstein. Amazon shares have gained 11.6% so far this year, compared with a 4.8% gain for the S&P 500 Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/15/2018 14:47:00

    Target Sprinkles Holiday Cheer on Investors

    The holiday shopping season wasn't nearly as bad as management had predicted back in November.

  • 01/14/2018 15:48:15

    Ford ups electric vehicle plans to $11 billion by 2022 - executive

    Ford Motor Co(F) will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show. This is up from a previously announced target of $4.5 billion by 2020. "We're all in on this and we're taking our mainstream vehicles, our most iconic vehicles, and we're electrifying them," Ford said.

  • 01/14/2018 11:27:00

    Reports: Kroger may acquire digital bulk retailer Boxed

    Aldi, Costco and Target are also possible buyers, according to Forbes and Reuters.        

  • 01/12/2018 10:31:32

    Amazon stock jumps to 9th straight gain as another analyst's target cracks $1,400

    Shares' win streak would be the longest in 3 1/ 2 years. Shares of Amazon.com Inc. were hurtled higher Friday to another record, and toward the longest win streak in 3 1/ 2 years, as another Wall Street analyst boosted his price target to the $1,400 level. Of the 48 analysts surveyed by FactSet, 11 now have price targets of at least $1,400 and four have targets of at least $1,500..

  • 01/12/2018 10:07:35

    BRIEF-Vexim 2017 Sales Up 17 Pct To 21.6 Million Euros

    VEXIM SA: * VEXIM: +17% GROWTH IN SALES IN 2017 UP TO €21.6 MILLION. * ‍2017 SALES RESULTS PERFORMS BELOW EXPECTATIONS OF MANAGEMENT WHICH ANTICIPATED AN ANNUAL GROWTH OF +30%​. * ‍PROFITABILITY TARGET FOR 2017 WILL NOT BE ACHIEVED.

  • 01/11/2018 19:23:37

    BRIEF-Peyto says monthly dividend will be reduced to $0.06 per share

    Peyto Exploration & Development Corp(PEYUF) : * PEYTO REPORTS ACHIEVEMENT OF YEAR END PRODUCTION TARGET AND REVISES 2018 OUTLOOK. * ‍EXPECTS TO REPORT ANOTHER PROFITABLE AND SUCCESSFUL YEAR IN 2017​. * ‍DEVELOPMENT PLANS DEFERRED AND CAPITAL BUDGET REDUCED TO $200-$250 MILLION​ FOR 2018.

  • 01/10/2018 15:51:31

    BRIEF-Tourmaline Oil Corp Says ‍Achieved 2017 Exit Target Of 270,000-280,000 Boepd​

    * TOURMALINE OIL CORP - ‍ACHIEVED 2017 EXIT TARGET OF 270,000-280,000 BOEPD, AVERAGING APPROXIMATELY 274,000 BOEPD IN DECEMBER​

  • 01/09/2018 15:01:29

    Target lifts profit forecast after holiday sales jump

    (Reuters) - Target Corp raised its quarterly profit and sales forecasts on Tuesday on the back of surging online sales and customer visits in November and December, putting the U.S. retailer on track for the best quarter in five years.

  • 01/09/2018 14:34:22

    Target and Kodak rise while Big 5, Acuity tumble

    Target and Kodak move higher while Big 5 Sporting Goods and Acuity Brands stumble

  • 01/09/2018 10:15:59

    Target is latest to report that it had a holly, jolly holiday season

    Target raises its earnings guidance in the wake of a stronger than expected holiday season.        

  • 01/09/2018 09:11:41

    Target leveraged stores to raise its online game

    Target has leveraged its stores to take on online competition, and it's getting results

  • 01/09/2018 09:11:21

    Target leveraged stores to raise its online game

    Target is joining other retailers in reporting booming sales with shoppers returning in force during the critical holiday season.

  • 01/09/2018 06:48:00

    Under Armour's stock sinks after Susquehanna swings back to bearish rating

    Shares of Under Armour Inc. sank 3.7% in premarket trade Tuesday, after the athletic gear and apparel maker was downgraded at Susquehanna Financial, which cited "poor" brand management, worsened by a promotional environment. Analyst Sam Poser cut his rating back to negative, after raising it to neutral two months ago. He kept his stock price target at $11, which is 31% below Monday's closing price of $15.98. "Despite ongoing evolution within the ranks of [Under Armour's] senior management, we believe, based on proprietary checks and our industry experience, that Under Armour's brand position will continue to weaken before it is clear if it can be salvaged," Poser wrote in a note to clients. "We contend that, in order to reaffirm [Under Armour's] place as an aspirational sports brand, all Under Armour product must be pulled from Kohl's, DSW, and Famous Footwear." He said advertisements for Under Armour products from the "moderate" retailers are causing "better" retailers such as Dick's Sporting Goods Inc. and Hibbett Sports Inc. to "plan their Under Armour businesses down." The stock has lost 4.0% over the past three months, while rival Nike Inc. shares have soared 25.3% and the S&P 500 has gained 8.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/08/2018 22:17:36

    UK Stocks-Factors to watch on Jan 9

    Jan 9 (Reuters) - Britain's FTSE 100 index is seen opening up 11 points on Tuesday, according to financial bookmakers. * SHIRE: Shire ditched its revenue target of $20 billion by 2020 on Monday due to increased generic competition and new drugs from rivals, saying it would split its rare disease and hyperactivity medicines businesses to boost performance. * PSA JOBS: Peugeot-maker PSA will cut a further 250 jobs at its Vauxhall car plant in the north of England, reducing the wor

  • 01/08/2018 12:08:36

    Tenet Healthcare's stock drops after increased job cuts, lower adjusted profit outlook

    Shares of Tenet Healthcare Corp. dropped 3.9% in afternoon trade Monday, after the health care services company increased its workforce reduction target by over 50% in an effort to cut more costs. The company said in a presentation at the J.P. Morgan Healthcare Conference in San Francisco it would cut about 2,000 jobs as it targets an annualized $250 million in cost reductions by the end of 2018. At the Bank of America Merrill Lynch Leverage Finance Conference on Nov. 29, Tenet said it would eliminate 1,300 jobs and targeted cost cuts of $150 million. Separately, the company cut its 2018 adjusted earnings-per-share guidance range to 58 cents to 97 cents from $1.07 to $1.36, because it will no be able to recognize for accounting purposes the future benefit related to excess interest expense limitation carryforward, as a result of the new tax law. The FactSet 2018 adjusted EPS consensus was $1.23. The stock has lost 5.3% over the past three months, while the SPDR Health Care Select Sector ETF has gained 2.4% and the S&P 500 has climbed 7.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/08/2018 11:18:10

    GE's stock falls to snap 5-day win streak after J.P. Morgan cuts price target

    General Electric Co.'s stock slumped 1.7% in afternoon trade Monday, to be the Dow Jones Industrial Average's biggest decliner, after J.P. Morgan analyst C. Stephen Tusa cut his price target, saying there were "too many risks" to change his bearish view on the industrial conglomerate. He after taking a "fresh" look into GE's potential this year, after the stock's extremely poor relative performance last year, he said the consensus analyst outlook for earnings per share of about $1 is "reasonable," but remains the "lowest quality $1 of EPS in the sector." He wrote in a note to clients that the consensus presumption that free cash flow "can grow meaningfully from here banks on working capital remaining positive..., restructuring collapsing..., and an opaque, negative 'other account,' including contract assets, getting significantly less negative." Tusa reiterated his underweight rating, and cut his price target to $16 from $17. The stock had rallied 6.8% amid a 5-session win streak through Friday, the longest such streak since February 2017, and the biggest five-day gain since November 2016. In 2017, the stock had plunged 44.8%, the worst one-year performance since 2008, while the Dow rallied 25.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/08/2018 10:03:06

    Target to launch women's denim brand Universal Thread next month

    Target Corp. said Monday that it will launch its first private label of 2018 next month: Universal Thread, a women's lifestyle brand focused on denim. The line will include tops, dresses, accessories and shoes at prices ranging from $5 to about $40, which is, on average, up to 10% lower than current items. Sizes will start at 00 and run through 26W, the first time the company has launched a brand with a range of sizes this broad, Mark Tritton, Target's chief merchandising officer, said in a post on the retailer's blog. Target announced plans last year to roll out more than a dozen private brands. Among those that have already launched are A New Day and Project 62. Target shares are nearly flat in Monday trading, and up 16.6% for the last three months. The S&P 500 index is up 7.6% for the past three months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/06/2018 12:02:01

    Should you freeze your child’s credit?

    A child’s data, particularly Social Security number, is a target for identity thieves.        

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