Morgan Stanley Maintains Equal-Weight on Target, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Target (NYSE:TGT) and lowered the price target from $155 to $140.
September 07, 2023 | 12:29 pm
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Morgan Stanley has maintained an Equal-Weight rating on Target and lowered the price target from $155 to $140.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Target in the short term. This is because the new price target is lower than the previous one, indicating a less optimistic outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100