Target price target lowered to $170 from $177 at Stifel

Stifel analyst Mark Astrachan lowered the firm’s price target on Target (TGT) to $170 from $177 and keeps a Hold rating on the shares following the company’s report of Q1 operating profit that was about 2% below consensus. Despite the lower profit, the firm views the result as “largely consistent with expectations,” though it adds that stronger results from Walmart (WMT) likely increased expectations.