Gordon Haskett downgraded Target (TGT) to Hold from Buy with a price target of $135, down from $145. While it remains to be seen how holiday 2024 played out for many in retail, on the surface Target’s 2.0% same-store sales Holiday-9 update suggests it is losing market share to peers, the analyst tells investors. In addition, the firm continues to be “a bit underwhelmed by the merchandising prowess at Target,” the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGT:
- Shoppers Seeking January Excitement Give Amazon (AMZN) and Sprouts Farmers a Boost
- Target’s (TGT) Stock Woes Present Investor FOMO Opportunity
- South Korea’s $720 Billion Pension Fund Makes Bold Moves in the U.S. Stock Market
- Opening Day: Sionna Therapeutics, Titan America make public debut
- Trump Trade: Canada reaches deal with U.S. to pause tariffs for 30 days