TD Cowen Maintains Outperform on Target, Lowers Price Target to $166
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen maintains an Outperform rating on Target (NYSE:TGT) but has lowered the price target from $200 to $166.
July 11, 2023 | 2:21 pm
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Target's price target has been lowered from $200 to $166 by TD Cowen, although the Outperform rating is maintained.
The lowering of the price target by TD Cowen could potentially lead to a negative sentiment among investors, which may put downward pressure on Target's stock price in the short term. However, the maintained Outperform rating indicates that the analyst still sees potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100