Bernstein Maintains Underperform Rating on Target (TGT), Cuts PT

On May 22, Bernstein kept an Underperform rating on Target Corp. (NYSE:TGT) and lowered the associated price target to $80 from $82. The firm slashed the price target after TGT delivered an underwhelming Q1, with comparable sales of -3.8% coming in meaningfully below sell-side estimates of -1.9%. However, the firm pointed out that it was […]

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