Target Sales Initiatives Driving Trends, Goldman Sachs Reports

Target Corporation's TGT sales initiatives seem to be driving trends, with strong 5% conversions, Goldman Sachs reports. “The holiday message of ‘Save Merrily' is value-focused but the price pointing is less intense as compared to years past. Inventory is well positioned for a strong holiday season,” Goldman Sachs writes. “CE trends were called out as TV sales were strong even on non doorbuster items.” Goldman Sachs added that cold weather merchandise has been strong. Target currently trades at $59.12.