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Target's Earnings Stumble Prompts Vetr Upgrade

Chris Dier-Scalise

On Wednesday, the Vetr crowd upgraded their rating for Target Corporation (NYSE: TGT) from 4 stars (Buy), issued 20 days ago, to 5 stars (Strong Buy). At the time of the upgrade, sentiment for Target among the crowd was unanimously positive, with 100 percent of Vetr user ratings bullish.

Vetr is keen on buying Target after shares plummeted nearly 13.5 percent to a 30-month low under $57.50 following the company's Q4 earnings report. The retailer missed on both estimates for EPS and revenue, the former by $0.06 and the latter by $60,000.

An analyst downgrade also followed the disappointing report as Telsey Advisory Group issued Target a Market Perform from from its prior assessment that it would Outperform.

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Currently, the Vetr crowd's average target price for Target is up at $70.63, which is still below the average analyst target price of $73.96. Less than 2 percent of Vetr users are holding TGT in their watch lists.

Latest Ratings for TGT

Date Firm Action From To
Mar 2017 Telsey Advisory Group Downgrades Outperform Market Perform
Feb 2017 Susquehanna Initiates Coverage On Neutral
Feb 2017 Bernstein Initiates Coverage On Outperform

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