Bernstein Downgrades Target Corp
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Business & Economics
Bernstein Maintains Underperform Rating on Target (TGT), Cuts PT

84% Informative
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.
Bernstein has a cautious stance on TGT and pointed out that the company lowered and further widened its 2025 guidance range.
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