HSBC initiated coverage of Target with a Hold rating and $140 price target. The analyst says the U.S. retail sector is a “vast market set for further growth.” Pandemic accelerated digital transformations but well-developed offline-to-online approaches still appear key to market share, the analyst tells investors in a research note. The firm calls Walmart its preferred name with Dollar General its least favorite.
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Read More on TGT:
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- Target added local regional hubs to speed up order deliveries, WSJ says