Credit Suisse Assumes Target (TGT) at Neutral
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Credit Suisse assumes coverage on Target (NYSE: TGT) with a Neutral rating and a price target of $65.00 (from $72.00).
Analyst Edward Kelly commented, "TGT's recovery has stalled, and its outlook once again is uncertain. Structural headwinds and underinvestment in key segments of the business now seem to be weighing on the company. Margins look poised to head lower over time and consensus estimates carry some risk. Desperately poor sentiment and a low valuation represent the only real points of support at the moment."
Shares of Target closed at $69.21 yesterday.
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