TGT
Target Corporation
stockNYSE

A fresh sell rating and $28 price target from Wolfe Research pushed the average analyst price target below Nike stock’s current price. Other notable bead are Morgan Stanley, JP Morgan, Bank of America, Bank of Montreal all of which see NKE headed to sub $30 in 52 weeks from now. Even the bulls like Barclays who has a BUY rating has a price target of $37 which is lower than the stock’s currently price of $37.5. Granted there are a few more optimistic bulls like Jefferies, Guggenheim and Bernstein with price targets in the $45-60 range. And, just going by the ratings it’s neck and neck between the bulls and the bears with 9 buy ratings and 9 sell ratings while most equity analyst platforms are neutral with 18 hold ratings. Take a look at LULU and you’ll notice how things could be worse. Here’s the thing though. Nike stock is now 5 % up since its incredibly disappointing guide three weeks ago. Analysts expected much more optimistic eps and revenue estimates for next year. The consensus was $1.7 eps and revenue down 2 %. Nike guided $1.15 - $1.35 eps and revenue down 7-8 %. A massive disappointment. So, the average analyst price target fell from $50 to $36 and a bunch of analysts downgraded. But guess what… the stock is up 5 % since the guide. The takeaway is that Nike stock has become immune to bearish analysts because the stock bottomed. You won’t see a stock go up 5 % in three weeks after having guided very disappointingly for next year results or if you do it’s very clearly a bottom signal. Well that’s exactly the case. Buy Nike stock now and watch it do what TGT has done in the past six months. Easy money.

I'm kind of staying away from retail completely. Why WMT, and not TGT or DG or DLTR or Five. Similar type stores and I have often found difficult to parse? Griffin reminds me a lot of Jeff Gundlach who so wanted to be called the BOND KING after Bill Gross retired. Notice how Griffin shows up a lot after JPM and GS are on the media radar

TGT?