The firm upgraded the stock to equal-weight from underweight ahead of the company's earnings on Wednesday.
"First, we think TGT's margin erosion is likely to moderate in the near-term. We are modeling flattish EBIT margins in 2019, below guidance for ~10 bps expansion yet an improvement from 35 bps decline in 2018," analyst Simeon Gutman said. "Second, we think the risk that TGT misses its margin guide is appropriately reflected in the stock's relatively inexpensive valuation.
Shares of Target rose slightly in premarket trading to $71.05. The retailer, whose shares are up 7% so far this year, reports earnings on Wednesday.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Morgan Stanley: More tariffs will lead to a US recessionMorgan Stanley's Michael Wilson says companies will have a tough time offsetting the cost of higher tariffs, which could tip the U.S. economy into a recession.
और पढो »
Morgan Stanley upgrades Coca-Cola to overweight: 'Coke is now our top mega-cap staples pick'Coca-Cola shares traded higher following the bullish call from Morgan Stanley.
और पढो »
Alphabet falls after Morgan Stanley warns of a short-term slumpAlphabet will be fine long-term, Morgan Stanley analysts wrote in a note Tuesday, but the stock will continue to sink in the short-term.
और पढो »
Wall Street focuses its blame for Uber’s price drop on Morgan StanleyMorgan Stanley nabbed the biggest U.S. IPO of the past five years. Now it gets to field second-guessing after Uber shares tumbled.
और पढो »
Morgan Stanley is bullish on Japan, says its stocks are 'oversold and unloved'Japan's stock markets are 'oversold and unloved' — the opposite of those in the U.S., said Morgan Stanley, predicting that the Topix may jump as much as 15% by June 2020.
और पढो »
MORGAN STANLEY: Trump's trade war is only part of the battle. Here are 4 other reasons the stock market's struggles are just beginning.Morgan Stanley CIO Michael Wilson says he's identified four serious threats to the market that go beyond the worsening US-China trade war.
और पढो »
JP Morgan says US farmers are facing a crisis from trade war, downgrades Deere's stockThe state of American agriculture is 'rapidly deteriorating' into crisis, J.P. Morgan said on Tuesday.
और पढो »
Four reasons why the bears are wrong about a second-half slump: J.P. MorganNeed to Know: Earnings, jobs and all the reasons stock bears are wrong
और पढो »
Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex riggingBarclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.
और पढो »
EU fines five banks $1.2 billion for foreign exchange riggingBarclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a com...
और पढो »