Target price target raised to $156 from $153 at Truist

Truist raised the firm’s price target on Target to $156 from $153 and keeps a Hold rating on the shares as part of a broader research note on the Consumer sector. Truist Card Data continues to suggest that while most consumers outside of low-income households are in “bend but don’t break” mode, sales have continued to soften at the margin for most, the analyst tells investors in a research note. Truist adds however that Target sales have shown a solid acceleration vs. the exit rate from Q1 as comparisons significantly eased.