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6 pts

Opinion on  Target Corp (TGT)     Sector: Services  >  Industry: Retail (Department & Discount)
Strong Company, Strong Technical Action

Jan 30, 2007 02:34 PM GMT
fcg
Return Risk
+2.00% HIGH
Analyst

Target (TGT) trades in-line with the 14.3x S&P 500 P/E multiple.  Costco trades at 18x.  Both have rising earnings estimates. 


The stock has emerged from a 18+ month base and now is sitting in support at the top of that base at $60 and just above its 20-SMA (which is currenctly $59.50...  After breaking out of the base on good short-term momentum, I am looking for continuation to a new high, market permitting. 


 


 


 


 


TGT:  This call was made on 01/30/07 @ $60.07
Rating:   Positive   $60.07 (01/30/07)
Closed:   02/01/2007 @ $61.71 (+2.73% in 2 days)
Target:   in One month


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