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Or maybe just $64
Shares of Target may hit $100 six or seven years from now, but looking ahead to next year Morgan Stanley analyst Mark Wiltamuth believes the stock should be trading at $64. He recently initiated coverage of the company with a “buy” rating and, like some other analysts, believes investors may be seeing a once-in-a-generation opportunity to purchase shares at valuation levels depressed by uncertainty around the company’s entry into Canada.
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Walmart names new real estate executive
Bentonville, Ark. -- Karen Roberts was named executive VP and president of Walmart Realty on Friday, filling a position vacated by the company’s long time real estate executive Eric Zorn who retired after a 20-year career.
Roberts most recently served as senior VP and chief compliance officer. She will report to Tom Mars, executive VP and chief administrative officer, whose responsibilities were expanded to include oversight of real estate in the wake of Zorn’s retirement.