Target shares are trading lower after KeyBanc downgraded the stock from Overweight to Sector Weight.
Portfolio Pulse from Benzinga Newsdesk
Target's stock is trading lower after KeyBanc downgraded it from Overweight to Sector Weight.
June 05, 2023 | 3:58 pm
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NEGATIVE IMPACT
Target shares are trading lower due to KeyBanc's downgrade from Overweight to Sector Weight.
Target's stock price is directly impacted by KeyBanc's downgrade, which indicates a less favorable outlook for the company. This change in rating can lead to a decrease in demand for the stock, causing the price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100