Citi analyst Paul Lejuez lowered the firm’s price target on Target to $117 from $130 and keeps a Neutral rating on the shares. The analyst expects “weak but inline” Q3 results from Target with a guidance reiteration. The firm believes traffic continued to be weak in Q3 and does not expect to hear a meaningful improvement in general merchandise.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TGT:
- Target price target lowered to $123 from $131 at Deutsche Bank
- Trouble at Target (NYSE:TGT): CEO Notes Consumer Pullback on Everything
- Target announces early Black Friday deals starting October 29
- Walmart (NYSE:WMT) Slips despite New Praise from Cowen Analysts
- TD Cowen retail/luxury analysts to hold an analyst/industry conference call