DA Davidson Maintains Buy on Target, Lowers Price Target to $177
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Baker has maintained a 'Buy' rating on Target (NYSE:TGT) but lowered the price target from $193 to $177.
August 17, 2023 | 4:15 pm
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NEUTRAL IMPACT
Target's price target has been lowered from $193 to $177 by DA Davidson, though the 'Buy' rating is maintained.
The lowering of the price target by DA Davidson could potentially create a negative sentiment among investors, which might put some downward pressure on the stock. However, the maintained 'Buy' rating indicates that the analyst still sees upside potential in the stock, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100