Jefferies Maintains Buy on Target, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Corey Tarlowe has maintained a 'Buy' rating on Target (NYSE:TGT) but lowered the price target from $175 to $165.
August 17, 2023 | 3:48 pm
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NEUTRAL IMPACT
Target's price target has been lowered from $175 to $165 by Jefferies, though the 'Buy' rating is maintained.
The lowering of the price target by Jefferies could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100