Target (TGT) Stock Price: $231 Target And Outperform Rating

By Amit Chowdhry ● Jun 13, 2022
  • The shares of Target Corporation (NYSE: TGT) have received a $231 price target from RBC Capital. These are the details.

The shares of Target Corporation (NYSE: TGT) have received a $231 price target from RBC Capital. And RBC Capital analyst Steven Shemesh is maintaining an “Outperform” rating on the shares. 

Shemesh adjusted the rating while noting that the second-quarter operating margin outlook cut will hopefully become a “rip the bandaid off” type event – which would allow Target to operate more efficiently in the second half and beyond. And Shemesh pointed out that while investors should tread with caution near-term, this decision makes Target’s shares more investable.

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