Score: Negative (26)
11 days at current score.
Downgraded from Neutral on August 28th 2017
- Perception of the company's creditworthiness is neutral
- ETFs holding this stock are seeing positive inflows but are weakening
- Bearish sentiment is moderate and increasing
- Economic output for the sector is expanding but at a slower rate
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.
ETF/Index ownership | Negative
ETF activity is negative and may be weakening. The net inflows of $631 million over the last one-month into ETFs that hold TGT are among the lowest of the last year and appear to be slowing.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
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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