BMO Capital Maintains Market Perform on Target, Lowers Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Kelly Bania has maintained a 'Market Perform' rating on Target (NYSE:TGT) but lowered the price target from $140 to $130.

August 17, 2023 | 11:56 am
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Target's price target has been lowered from $140 to $130 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Market Perform' rating suggests that the stock is expected to perform at the same level as similar companies in the market. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100