Target removed from ‘Tactical Underperform’ list at Evercore ISI

Evercore ISI analyst Greg Melich raised the firm’s price target on Target to $165 from $155 and keeps an In Line rating on the shares, which the firm removed from its "Tactical Underperform" list with the stock down 8% since the call. Bulls should like "the fundamentally good share" and customer count gains through and post COVID, while bears will "obsess about a fundamentally lower reset of margins and free cash flow," said the firm, which adds that "both arguments have legitimacy" and says it lands "in the middle."