JP Morgan Downgrades Target: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has downgraded its rating of Target (NYSE:TGT) to Neutral with a price target of $144.00, a decrease from its previous price target of $182.00. Target's shares are currently trading down 0.73% at $129.97 per share.
June 01, 2023 | 5:03 pm
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JP Morgan downgraded Target's rating to Neutral and lowered its price target from $182.00 to $144.00. Target's shares are trading down 0.73% at $129.97.
JP Morgan's downgrade of Target's rating to Neutral and the lowering of its price target from $182.00 to $144.00 indicates a less optimistic outlook for the stock. This news is likely to have a negative impact on Target's stock price in the short term, as investors may adjust their positions based on the revised rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100