Stock Rating Upgrade
In the last week the Value Trend Rating for Target Corp (NYSE: TGT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Target Corp (NYSE: TGT) stock enjoyed a large increase of 2.1% on 3/18/24. The stock closed at $167.59. However, trading volume in this advance was below average at 78% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
TGT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Target has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Target has a neutral Appreciation Score of 41 but a very high Power Rating of 88, producing the Positive Value Trend Rating.
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