TD Cowen Downgrades Target to Market Perform, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen has downgraded Target Corporation (NYSE:TGT) from Outperform to Market Perform and reduced the price target from $161 to $148.
November 16, 2023 | 11:30 am
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Target Corporation was downgraded by TD Cowen from Outperform to Market Perform, with a price target cut from $161 to $148.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lower expected valuation for Target, which may influence investor sentiment and stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100