Daiwa Capital Downgrades Target to Neutral, Announces $134 Price Target
Portfolio Pulse from richadhand@benzinga.com
Daiwa Capital analyst Kahori Tamada has downgraded Target (NYSE:TGT) from Outperform to Neutral and set a price target of $134.
August 22, 2023 | 9:54 am
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Target's stock rating has been downgraded from Outperform to Neutral by Daiwa Capital, with a price target of $134.
The downgrade from Outperform to Neutral indicates that Daiwa Capital believes Target's stock performance will be average compared to other stocks. The $134 price target suggests that they believe the stock is currently overvalued. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100