It looks like the worst may be over for Target Corp. (TGT).
After slipping from about $180, the stock appears to have caught strong support around $160. From here, we’d like to see it again test $180 resistance. Longer-term, we’d like to see TGT refill its bearish gap around $210 a share.
Helping, analysts have been raising their price targets. Truist, for example, just raised its target price to $165 from $150. DA Davidson raised its target to $203 from $185. JP Morgan raised from $190 to $210. Stifel raised from $185 to $195. Goldman Sachs raised from $155 to $205. We could go on… but you get the picture. Even better, as investors wait for TGT to recover even more, they can collect a current dividend yield of 2.62% at the moment.