Street Q1 EPS Forecast Of $0.95 Could Be Too High On Target (TGT)

In a recent report, Jefferies thinks that despite retail EBITDA guidance on Target

, the street 1Q of $0.95 seems too high unless there is something unusual in credit or the tax rate. In the report, Jefferies said, "We like TGT shares at these levels, particularly when we consider they are selling at a multiple slightly below Wal-Mart, which is experiencing negative comps. Not surprisingly, the path to a better stock price performance is going to come down to whether Target can achieve an acceleration in its sales growth rate as it continues to roll out Pfresh and pursue its 5% off loyalty program." Jefferies has maintained a Buy rating and price target of $59.00 on Target. Target closed yesterday at $50.81.