Telsey Advisory Group Maintains Outperform Rating for Target: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Telsey Advisory Group has maintained its Outperform rating for Target (NYSE:TGT) but lowered its price target from $185.00 to $165.00. Target's shares are currently trading at $131.01, indicating a potential increase of 25.94% if the price target is met. Target is a leading American general merchandise retailer with a significant e-commerce presence.
August 11, 2023 | 5:01 pm
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Telsey Advisory Group has maintained its Outperform rating for Target but lowered its price target. This suggests that the firm sees potential upside for the stock, but perhaps not as much as previously anticipated.
The Outperform rating indicates that Telsey Advisory Group expects Target to outperform the general market in the future. However, the lowering of the price target suggests that they may have reduced their expectations for the stock's future performance. This could potentially lead to a short-term increase in the stock price as investors react to the news, but the long-term impact will depend on whether Target can meet these revised expectations.
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