Barclays Maintains Equal-Weight Rating for Target: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Equal-Weight rating for Target (NYSE:TGT) but lowered its price target from $163.00 to $142.00. Target's shares are currently trading at $131.01, indicating a potential increase of 8.38% if the price target is met. Target is a leading American general merchandise retailer with a significant e-commerce presence.
August 11, 2023 | 5:00 pm
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Barclays has maintained its Equal-Weight rating for Target but lowered its price target. This suggests that Barclays sees potential for growth in Target's stock, but perhaps not as much as previously anticipated.
The maintenance of the Equal-Weight rating indicates that Barclays believes Target's stock is fairly valued. However, the lowering of the price target suggests that they see less potential for growth than they previously did. This could impact investor sentiment and potentially lead to short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100