1906 ET - Target has made progress in its turnaround so far, and has more runway ahead to improve its results, D.A. Davidson analysts say in a note. The company is blending the "art" and the "science" of retailing, returning to a merchandise-led organization to make it a shopping destination once again as it also improves its inventory management, supply chain, in-store execution and delivery strength, the analysts say. That's led to two consecutive quarters of solid comparable sales, they say. "We think there is plenty of room to go, both on the sales and profit, yielding higher earnings power," they say, raising their price target on the stock to $185 from $170.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.