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Goldman Sachs Remains a Buy on Target (TGT)

In a report released today, Kate McShane from Goldman Sachs maintained a Buy rating on Target (TGTResearch Report), with a price target of $171.00. The company’s shares closed last Tuesday at $155.98, close to its 52-week low of $145.51.

According to TipRanks.com, McShane is a 5-star analyst with an average return of 7.5% and a 62.8% success rate. McShane covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Dick’s Sporting Goods.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Target with a $183.88 average price target, implying a 24.2% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $175.00 price target.

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Target’s market cap is currently $72.33B and has a P/E ratio of 12.93.

Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TGT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1902, Target Corp. is a Minnesota-based general merchandise retailer and has stores in all 50 U.S. states and the District of Columbia. Its stores offer curated general merchandise and food assortments including perishables, dry grocery, dairy, and frozen items.

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