TradingKey – Target (NYSE: TGT) reports fiscal third-quarter results on Wednesday, November 18, before the market opens. The stock rose 70.3% this year through November 11, far ahead of the 11.6% gain in the S&P 500 ETF and 18.7% in the consumer staples ETF.
That rally has left the stock close to where analysts thought it should be. The average analyst target sits around $163 to $165, only a few dollars above recent prices, so Wednesday’s report has to give analysts a reason to raise their targets.
Shoppers Came Back in the Second Quarter
Under CEO Michael Fiddelke, shoppers have started coming back. In the second quarter, net sales rose 5.3% to $26.5 billion, and comparable sales, which compare sales from stores open at least a year plus…
