Target price target lowered to $174 from $184 at UBS

UBS lowered the firm’s price target on Target to $174 from $184 but keeps a Buy rating on the shares. The company’s Q3 results will have likely reflected its near-term challenges, with sales expected to “remain pressured as its CEO has been vocal about the consumer pulling back, not only on discretionary items, but also on consumables, the analyst tells investors in a research note. Target has likely managed its margins well in the quarter however, and the long-term outlook for the company “looks appealing”, the firm added.