Take the middle of the road revised earnings from the TGT call - 4.75. Valuing the PE at 16 for the future increased earning, I think the stock should get to around 76.00 this fiscal year.Hopefully, there aren't in hiccups in the Canada expansion.Anyone else have any thoughts?
Target normally trades at 13 -14 x earnings.
I used to buy at PE of 20 and sell at PE of 30.At some point TGT will go down a bit. Nice run so far.