- The shares of Target Corporation (NYSE: TGT) have received a $205 price target from UBS. These are the details.
The shares of Target Corporation (NYSE: TGT) have received a $205 price target from UBS. And UBS analyst Michael Lasser is maintaining a “Buy” rating on the shares.
Lasser adjusted the rating while noting that Target’s updated outlook reflects the management view that the company’s heavy inventory position is not unique. And with most retailers reporting excess inventory, Target realizes it will need to take more aggressive actions to clear out its excess.
Plus Lasser noted that Target sales trends have remained consistent with what it indicated a few weeks ago, both from an overall level and by category. And Lasser pointed out that the risk-reward on the company remains favorable due to its discounted multiple.
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