Evercore ISI analyst Greg Melich added Target (TGT) to the firm’s “Tactical Outperform” list ahead of earnings due on August 20. With a view that the Street estimates are “reasonable” and that the guidance is unlikely to be reduced, the firm sees potential for a high single digit to low double digit increase around earnings and sees near term upside to $110-$115, says the analyst, who has an In Line rating and $108 price target on Target shares.
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