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Wednesday, June 01, 2005

Analysis: Target Corp (TGT)

Marc Gerstein at analyzes Target Corp (TGT) shares and finds TGT to be a reasonable long term investment.

It may be good idea to wait until technical break-out at $54.06 (all time high) before starting to buy. TGT may slide downwards around $54 level at first, which also takes RSI back to lower levels.

Stock Chart: Target Corp (TGT)
Chart courtesy of

Challening the king

by Marc Gerstein
01 Jun 2005

When it comes to retail, Wal-Mart (WMT) is unbeatable. Right? When it comes to mass-discount retailing, WMT is absolutely positively unbeatable. Right? Actually, there are some dissenting views floating around nowadays.

I'm not ready to suggest that TGT is about to take over the world, or even replace WMT as the entity viewed as most likely to try. But from the stock point of view, that need not happen. I estimate that TGT's share price would be reasonable if EPS could grow at or better than 9.5 percent over the next five years.

Of the 25 analysts that cover TGT, 20 (a reasonably high percentage) publish long-term growth projections ranging from 12 percent to 19 percent, with a consensus figure of 15.17 percent. My estimated required EPS growth hurdle is well below even the low end of the analyst range.
Read further:
Reuters: Challening the king


Anonymous PENNY STOCKS said...

Walmart is a little better than target.

12/03/2012 02:04:00 PM  

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