JP Morgan Maintains Neutral on Target, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers has maintained a Neutral rating on Target Corporation (NYSE:TGT) while raising the price target from $113 to $125.
November 16, 2023 | 3:03 pm
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POSITIVE IMPACT
JP Morgan has maintained a Neutral rating on Target but increased the price target from $113 to $125, indicating a potential upside from the previous target.
The increase in price target by a major financial institution like JP Morgan can be seen as a positive signal to investors, suggesting that the analyst sees potential for the stock to rise to the new target price. This could lead to a short-term increase in the stock price as investors adjust their valuations based on the new information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100