TD Cowen Maintains Outperform on Target, Lowers Price Target to $161
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen has maintained an 'Outperform' rating on Target (NYSE:TGT) but lowered the price target from $165 to $161.
August 17, 2023 | 2:39 pm
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NEUTRAL IMPACT
Target's price target has been lowered from $165 to $161 by TD Cowen, though the 'Outperform' rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100