Chart of Day: Target (TGT) – 5/8

After slipping from about $180 to a recent to a recent low of $156.33, Target (SYM: TGT) is rebounding. Last trading at $160.91, we’d like to see it retest its prior high of $180.  It’s also just starting to pivot from over-extensions on RSI, MACD, and Williams’ %R.


Helping, analysts at Citi just upgraded the retailer to a buy rating, noting the company has emerged as one of the retail winners. The firm added, “We believe TGT has emerged as one of the winners within the retail landscape with an opportunity to improve EBIT margin in the years to come,” as quoted by CNBC.

Bank of America also reiterated its Buy rating on TGT on the argument gross margins will expand as comparable sales inflect positive again, as noted by Seeking Alpha. The firm’s gross margin forecast is ahead of the Street numbers for both Q1 and for the full year.

deal of the month

best growth stocks


Bundle package – lifetime subscriptions for all products


Recent posts


Connect with Us

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.