Bank of America Securities Keeps Their Sell Rating on Target (TGT)

Bank of America Securities analyst Christopher Nardone maintained a Sell rating on Target today and set a price target of $106.00.

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According to TipRanks, Nardone is a 4-star analyst with an average return of 13.9% and a 55.14% success rate.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Target with a $127.26 average price target.

Based on Target’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $31.92 billion and a net profit of $1.38 billion. In comparison, last year the company earned a revenue of $30.92 billion and had a net profit of $1.1 billion

Based on the recent corporate insider activity of 52 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. Last month, MATTHEW A LIEGEL, the CAO of TGT sold 2,053.00 shares for a total of $240,591.07.