Target

After yesterday's setback, I took the opportunity to increase my target position to 10 shares. Let's see what happens 👀

Analyst updates, 21.11.

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- BERNSTEIN RAISES TARGET FOR NVIDIA TO USD 175 (155) - 'OUTPERFORM' $NVDA (+1,51%)

- JPMORGAN RAISES TARGET FOR NVIDIA TO 170 (155) USD - 'OVERWEIGHT' $NVDA (+1,51%)

- EVERCORE ISI RAISES TARGET FOR NVIDIA TO 190 (189) USD - 'OUTPERFORM' $NVDA (+1,51%)

- JEFFERIES RAISES TARGET FOR SIXT STEMS TO EUR 110 (100) - 'BUY' $SIX2 (-1,06%)

- DEUTSCHE BANK RESEARCH RAISES RHEINMETALL TO 'BUY' (HOLD) - TARGET 700 (550) EUR $RHM (+1,35%)

- BARCLAYS RAISES TARGET FOR FRESENIUS SE TO EUR 40 (38) - 'OVERWEIGHT' $FRE (+2,55%)

- WARBURG RESEARCH raises the target price for ALSTRIA OFFICE from EUR 3.40 to EUR 7.10. Hold. $AOX (-2,5%)

- BERNSTEIN raises the price target for ESSILORLUXOTTICA from EUR 194 to EUR 200. Market-Perform. $EL (-1,76%)

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- DEUTSCHE BANK RESEARCH lowers the price target for NESTLE from CHF 87 to CHF 85. Hold. $NESN (-0,15%)

- DEUTSCHE BANK RESEARCH lowers the price target for MEDIOS from EUR 23 to EUR 18. Buy. $ILM1 (-3,58%)

- ODDO BHF lowers the price target for GRENKE from EUR 27.30 to EUR 18.30. Neutral. $GLJ (-2,51%)

- BERNSTEIN lowers the price target for KERING from EUR 260 to EUR 220. Market Perform. $KER (-2,7%)

- BERNSTEIN lowers the price target for LVMH from EUR 795 to EUR 700. Outperform. $MC (-1,36%)

- BERNSTEIN lowers the price target for VESTAS from DKK 250 to DKK 215. Outperform. $VWS (-1,6%)

- JEFFERIES lowers the price target for SMA SOLAR from EUR 19 to EUR 14. Hold. $S92 (-3,24%)

- JEFFERIES lowers the price target for VERBIO from EUR 27 to EUR 22. Buy. $VBK (-3,77%)

- JEFFERIES lowers the price target for PVA TEPLA from EUR 14.50 to EUR 12. Hold. $TPE (-1%)

- HSBC downgrades TARGET to Hold. Target price USD 138. $TGT (+0,51%)

- UBS lowers the price target for BAYER from EUR 30 to EUR 22. Neutral. $BAYN (-0,14%)

Target $TGT (+0,51%) recently released its quarterly results, which fell short of Wall Street expectations. The retailer reported sales of $25.67 billion, while analysts had expected USD 25.87 billion. Earnings per share (EPS) were 1,85 USD, significantly below the consensus estimate of 2,30 USD.

CEO Brian Cornell commented on the results: "We saw some strengths in the business, including a 2.4% increase in the number of customers, nearly 11% growth in the digital channel and further growth in the beauty and frequency categories. At the same time, we encountered unique challenges and cost pressures that impacted our results."

For the full year, Target lowered its EPS guidance to $8.30 to $8.90, significantly below the prior consensus of $9.52, or 7 to 13% less. The 4.9% year-over-year decline in sales is due to weaker demand in categories such as housewares and apparel.

Another factor influencing the results was the increase in operating costs, particularly in logistics and personnel. In contrast, Walmart was able to exceed its sales expectations.

What do you think of Target? 🎯

Ouch! $TGT (+0,51%) is getting a real shave today after not so good figures. EPS is only USD 1.85 instead of USD 2.30. The slump can also be seen in the daily performance of my portfolio. I still believe in the company. Perhaps the Republicans will again pass laws that punish theft etc. more severely. It's a pity that I don't have anything on the side to add at the moment.

Could not resist

A brief update on currency trading.

Since my PC unfortunately gave up the ghost, I had to fall back on the company laptop where I can't use cTrader, so I tried currency trading with Scalable.

Currency trading with neobrokers is not recommended, SC blocks 2.5% of the profit on every sale and you can only work with leverage in the 150-170 range, where anything under 1000€ stake makes no sense, as currencies work in the 0.X% range

At least I was able to treat myself to the after-tax $TGT (+0,51%) shares today.

I think -20% is a bit exaggerated.

But now a new div. growth stock in the portfolio.