Cowen Upgrades Wal-Mart (WMT) to Outperform
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Cowen Downgrades Target (TGT) to Market Perform
September 12, 2016 6:22 AM EDTCowen downgraded Target (NYSE: TGT) from Outperform to Market Perform with a price target of $68.00 (from $75.00), citing lack conviction the company can reignite comps growth, recent changes in food/pharmacy not resonating with guests and a lack of upside drivers.
Analyst Oliver Chen commented, "The "fill-in" trip weakness that began in 1Q coupled with the significant traffic decline of -2.2% y/y seen in 2Q (1st time traffic... More
