BofA Downgrades Target (TGT) Despite Cheaper Valuation, Cuts PT
From Yahoo Finance: 2025-05-22 16:43:00
After BofA downgraded Target Corp. (NYSE:TGT) to Neutral from Buy and reduced the price target to $105, concerns over execution of growth strategy and weaker sales persist. The firm believes comparable sales recovery is delayed, potentially leading to margin pressure. With uncertainty looming, the analyst downgraded the rating. Target Corp. (NYSE:TGT) operates nearly 2,000 stores in the U.S. While potential exists, some AI stocks are seen as offering greater returns with limited downside risk. For more information on promising AI stocks, check out our report. No disclosure provided.
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