Citigroup Downgrades Target to Neutral, Lowers Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Paul Lejuez downgrades Target (NYSE:TGT) from Buy to Neutral and lowers the price target from $177 to $130.
June 09, 2023 | 10:00 am
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Citigroup downgrades Target from Buy to Neutral and reduces the price target from $177 to $130.
The downgrade from Buy to Neutral and the reduction in price target from $177 to $130 by Citigroup analyst Paul Lejuez indicate a less optimistic outlook for Target's stock. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100