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  "docSlug": "c0c1d47eef3b",
  "documentTitle": "Target Corporation (TGT)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2008-10-29 00:00:00",
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  "notes": "Includes a bar chart showing ranges for each methodology and a summary table of valuation metrics.",
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      "kind": "callout",
      "text": "The implied valuation range for Target Corp based on several methodologies outlined below is $27.5 – $32.5bn, or $38 – $45/share 12 months from today",
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      "kind": "list",
      "text": "Trading Data – Retailers (EV/EBITDA); Trading Data – Retailers (P/E); Trading Data – Target 5 Year Historical (P/E and EV/EBITDA); Discounted Cash Flow",
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      "text": "Equity Value: $27.5 – $32.5bn",
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      "kind": "title",
      "text": "Target Corp—12-Month Price Target",
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