Wells Fargo analyst Edward Kelly upgraded Target Corp (NYSE:TGT) to Overweight from Equal-Weight and raised the price target to $195 (16% upside) from…
Someone with a lot of money to spend has taken a bullish stance on Target (NYSE:TGT).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Shares of superstore chain Walmart Inc (NYSE: WMT) had their largest one-day slump ever on Friday, October 16, 1987, the trading day before "Black Monday," plummeting 11.7%.
Walmart Inc (NYSE: WMT) shares are tanking on Tuesday after the company slashed its guidance as a result of high inventory levels and continued inflation pressures.
Target Corp (NYSE: TGT) shares are trading lower in Monday's after-hours session in sympathy with Walmart Inc (NYSE: WMT) after the retailer cut guidance for the second quarter and full fiscal year.
Target (NYSE:TGT) has outperformed the market over the past 5 years by 13.47% on an annualized basis producing an average annual return of 23.07%. Currently, Target has a market capitalization of $70.77 billion.
Membership based warehouse retailer Costco (NASDAQ: COST) stock has trimmed its losses to (-7.7%) on the year. The retail giant operates 830 warehouses worldwide including the majority 574 locations in the U.S.
Target Corporation (NYSE: TGT) will soon be offering Bobbie, a European-style USDA Organic infant formula made by the same-named San Francisco company, as an exclusive offering in its stores and e-commerce site.
Someone with a lot of money to spend has taken a bearish stance on Target (NYSE:TGT).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.