Report
John Brick, CFA
EUR 101.80 For Business Accounts Only

Despite investments in its business, we don't foresee Target amassing a competitive edge.

No-moat Target released preliminary second-quarter expectations indicating that traffic was above the company’s prior expectation through the first two months of the quarter. As a result, the company now expects a modest increase to second-quarter comparable-store sales versus prior guidance of a low-single-digit decline, and EPS above the higher end of its previous guidance range of $0.95-$1.15. This prerelease is on the heels of better-than-expected first-quarter earnings beat, but we still se...
Underlying
Target Corporation

Target provides its customers everyday essentials and merchandise. The company sells an assortment of general merchandise and food. The majority of the company's general merchandise stores provide an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company's small format stores provide curated general merchandise and food assortments. The company's digital channels include merchandise assortment, including various items found in its stores, along with a complementary assortment. The company also sells merchandise through periodic design and partnerships. The company's owned brands merchandise include: A New Day?, Archer Farms?, Art Class?, Ava & Viv?, Cat & Jack?, and Cloud Island?, among others.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
John Brick, CFA

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