RBC Capital Maintains Outperform on Target, Lowers Price Target to $157
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained an Outperform rating on Target Corporation (NYSE:TGT) but has reduced the price target from $161 to $157.
November 16, 2023 | 4:06 pm
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RBC Capital analyst reaffirms Outperform rating on Target but lowers price target from $161 to $157, indicating a potential upside but with a slightly reduced growth expectation.
The maintenance of an Outperform rating suggests that RBC Capital still sees Target as a stock likely to perform better than the broader market. However, the reduction in the price target could imply a modest tempering of expectations regarding Target's future price performance. This news is directly related to TGT and is important for investors, but the slight decrease in the price target may not have a significant short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100