BTIG Starts Coverage on Target (TGT) with Neutral Rating Amid Fierce Retail Competition

Core Viewpoint - Target Corporation (NYSE:TGT) is recognized for its long-standing commitment to dividend payments, having increased its dividends for 54 consecutive years, making it appealing to dividend investors [4] Group 1: Company Performance and Outlook - BTIG initiated coverage on Target with a Neutral rating, citing intense competition from major retailers like Walmart, Costco, and Amazon as a significant factor [2][3] - BTIG set earnings per share estimates at $7.40 for fiscal 2025 and $7.85 for fiscal 2026 for Target [2] - Despite the competitive landscape, Target's brand remains relevant and stands out in the retail market [3] Group 2: Dividend Information - Target pays a quarterly dividend of $1.14 per share, resulting in a dividend yield of 5.07% as of October 16 [4]