Reported 1 day ago
Truist has reduced its price target for Target Corporation (TGT) from $102 to $83 while maintaining a Hold rating. The downgrade comes as the firm highlights Target's recent missteps in marketing and merchandising that have negatively impacted consumer experiences. Furthermore, Truist has lowered its Q3 comps forecast due to a decline in sales, emphasizing the need for Target to accelerate its merchandise innovation and investment spending.
Source: YAHOO