Jim Cramer Discusses Target’s (TGT) Strategy

We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks. Target Corporation is one of the stocks discussed by Jim Cramer.

Target Corporation’s share price target was raised by Roth Capital on May 22nd. The financial firm hiked the target to $114 from $88 and kept a Neutral rating on the stock. The financial firm remarked that Target Corporation’s latest financial report, which included a guidance raise and an earnings beat, also indicated that the firm’s SG&A expense growth had outpaced revenue upside and its latest results might be a one-time occurrence due to the favorable environment in the consumer discretionary sector. On the same day, Argus raised Target Corporation’s share price target to $150 from $145 and kept a Buy rating on the shares. As part of its coverage, Argus praised the firm’s dividend yield and its roadmap to increase market share. Cramer, however, believes that Target Corporation has been cautious and remarked that it was overdone in a tweet:

“Listen I think Target has been cautious, I think they’ve been too cautious. . .

“Target over done; TJX stay the course…. HD will hold”

Jim Cramer Discusses Target's (TGT) Strategy

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