10 Best S&P 500 Dividend Stocks to Buy Right Now

7. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 68

Guggenheim raised its price recommendation on Target Corporation (NYSE:TGT) to $145 from $140 on June 12. It reiterated a Buy rating on the shares. The update followed a meeting with management, including CEO Michael Fiddelke and CFO Jim Lee. Discussions focused on improving the execution of a go-to-market strategy built around “specialization at scale.” The analyst noted that Target’s stock has rallied 35% year to date, suggesting that “the easy money has been made.” Even so, continued operational progress could help attract longer-term investors.

Also on June 12, Goldman Sachs maintained a Neutral rating on Target. It kept its $127 price target after meeting with the company’s management team. According to the firm, Target is moving with greater urgency as it works to regain merchandising authority. The analyst said management appears to have a clearer strategic direction than it did previously. Goldman also highlighted management’s positive comments on inventory levels at the end of the first quarter. The company indicated that stronger sales trends are giving it the flexibility to chase inventory as needed.

Target Corporation (NYSE:TGT) is a general merchandise retailer that sells products through its stores and digital channels. The company offers a mix of differentiated merchandise and everyday essentials to customers, referred to as guests, at discounted prices.