HSBC Upgrades Target to Buy, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniela Bretthauer upgrades Target Corporation (TGT) from Hold to Buy and increases the price target from $140 to $195.
March 06, 2024 | 10:33 am
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HSBC upgrades Target Corporation (TGT) to Buy from Hold and raises the price target to $195 from $140.
The upgrade from Hold to Buy by a major financial institution like HSBC, accompanied by a significant increase in the price target, is a strong positive signal to the market. This could lead to increased investor confidence in TGT, potentially driving up its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100