Uploaded by FinancialNewsOnline on Nov 16, 2011
Target (NYSE:TGT) reported Q3 earnings this morning, posting EPS of $0.82, topping expectations for $0.74. Revenue for the quarter rose 5% to $16.1 billion, behind estimates for $16.27 billion.
Gregg Steinhafel, chairman, president, and chief executive officer of Target Corporation said, "We're very pleased with our third quarter financial results, which reflect strong performance in our U.S. Retail and U.S. Credit Card segments. We're confident that we have the right strategy and team in place to drive continued strong performance this holiday season and well into the future, allowing us to continue rewarding our shareholders while investing millions of dollars each week to support the many local communities where our guests and team members live, work and shop."
Target (NYSE:TGT) has potential upside of 10.4% based on a current price of $53.18 and an average consensus analyst price target of $58.73.
Gregg Steinhafel, chairman, president, and chief executive officer of Target Corporation said, "We're very pleased with our third quarter financial results, which reflect strong performance in our U.S. Retail and U.S. Credit Card segments. We're confident that we have the right strategy and team in place to drive continued strong performance this holiday season and well into the future, allowing us to continue rewarding our shareholders while investing millions of dollars each week to support the many local communities where our guests and team members live, work and shop."
Target (NYSE:TGT) has potential upside of 10.4% based on a current price of $53.18 and an average consensus analyst price target of $58.73.
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