Evercore ISI is adding Target (TGT) to the firm’s “Tactical Outperform” list ahead of the company’s Q4 results and investor day scheduled on March 4. The stock has been a laggard this year and the firm sees the opportunity for it to “play some catch up,” with a move into the $130s in the share price “a reasonable outcome,” the analyst tells investors. Evercore has an In Line rating and $135 price target on Target shares.
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