UPDATE: Goldman Sachs Downgrades Target (TGT) to Buy

Goldman Sachs analyst Kate McShane downgraded Target (NYSE: TGT) from Conviction Buy to Buy with a price target of $308.00 (from $281.00).

The analyst comments "We are adding Buy-rated WMT to the Americas Conviction List and removing Buy-rated TGT while remaining constructive on fundamentals for both companies into 2022. We believe WMT was one of the strongest stories at the Goldman Sachs 28th Annual Retail Conference in September given the company's improving ability to grow EBIT dollars along with continued investments, which we think will gain investor attention as the company executes over the coming year."

For an analyst ratings summary and ratings history on Target click here. For more ratings news on Target click here.

Shares of Target closed at $253.65 yesterday.

You May Also Be Interested In

• Target (TGT) PT Raised to $146 at Piper Sandler
• Indigo Paints (INDIGOPN:IN) PT Raised to INR1,300 at ICICI Securities
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy