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See what the IHS Markit Score report has to say about Target Corp.

IHS Markit

Target Corp

NYSE:TGT

Score: Negative (25)

17 days at current score.

Downgraded from Neutral on August 28th 2017

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Summary


  • Perception of the company's creditworthiness is neutral
  • Bearish sentiment is moderate and increasing
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Neutral

Short interest is moderate for TGT with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on August 25.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. ETFs that hold TGT had net inflows of $6.88 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap | Neutral

The current level displays a neutral indicator. TGT credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.

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