Deutsche Bank analysts add Target to Fresh Money List with at least 20% upside potential

From Investing.com: 2024-03-28 09:57:01

Deutsche Bank analysts have added Target (TGT) to their Fresh Money List, predicting positive performance in the next 12 months. They forecast TGT’s top-line to trend upwards in 2Q with potential for positive earnings revisions, expecting EPS to surpass $10 in 2024. Despite lower valuation, analysts project TGT aligning with market valuations if strategy execution remains effective for future growth and increased profit margins. With potential for L/MSD comps and $10+ EPS, Deutsche anticipates at least 20% upside from current levels due to revenue increase strategies and potential store expansions.



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