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.