Morgan Stanley Upgrades Target to Overweight, Raises Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has upgraded Target Corporation (NYSE:TGT) from Equal-Weight to Overweight and increased the price target from $140 to $165.
January 16, 2024 | 10:53 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Morgan Stanley has upgraded Target's stock rating to Overweight and raised the price target to $165, indicating a positive outlook on the stock.
Upgrades by prominent analysts like Morgan Stanley can lead to increased investor confidence and a potential rise in stock price. The upgrade from Equal-Weight to Overweight suggests that Morgan Stanley sees more upside potential in Target's stock, and the increase in price target from $140 to $165 provides a specific bullish signal to the market. This can attract more buyers, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100