Ticker: TGT
Rating: Buy
BAML price target: $140
% upside: 12%
Black Friday highlights:
"As expected, toys stood out, with an expanded assortment featuring 10,000+ new & exclusive items (vs. 2,500 LY)," Ohmes wrote Monday.
He continued: "TGT also rolled out Disney 'shop-in-shops' to 25 select stores this year (featuring 450+ items incl. 100+ items previously only available at Disney locations)"
"Seasonal, home (which featured 2,000+ new & exclusive items), apparel, and beauty categories also showed momentum and had Door Buster/sale options and gift-focused displays."