Target Corp (NYSE:TGT) shares are down trading on Thursday, after the company on Tuesday reported its second-quarter results.
See what is happening with TGT stock here.
Here are some key analyst takeaways.
- DA Davidson analyst Michael Baker reaffirmed a Buy rating, while reducing the price target from $125 to $115.
- RBC Capital Markets analyst Steven Shemesh reiterated an Outperform rating, while raising the price target from $104 to $107.
- JPMorgan analyst Christopher Horvers maintained a Neutral rating and price target of $117.
- Telsey Advisory Group analyst Joseph Feldman reiterated a Market Perform rating and price target of $110.
Check out other analyst stock ratings.
DA Davidson: Target’s results were not good; they were “less worse than expected,” Baker said in a note. The pressure on the stock was triggered more by the CEO change, rather than the core business, he added.
The decision could be the right one, as the new CEO Michael Fiddelke has been with Target for 22 years and was with the company during the last few difficult years, as well as during the years when the company thrived, the analyst …