Futures inch higher, Target to report - what's moving markets

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TD Cowen Downgrades Target (TGT) to Market Perform, 'Stretched Consumer Will Continue to Pressure Growth'

November 16, 2023 5:31 AM EST

TD Cowen analyst Oliver Chen downgraded Target (NYSE: TGT) from Outperform to Market Perform with a price target of $148.00 (from $161.00).

The analyst comments "What remains impressive is that TGT is a much bigger and better business since 2019 and pre-pandemic. We acknowledge discretionary comparisons ease considerably in the 2H24, which could... More

This could be the next catalyst for e-commerce powerhouse Amazon (AMZN) - CFRA

November 15, 2023 12:36 PM EST

CFRA Research analysts told investors in a note Wednesday that they believe $7 or more earnings per share could be the next catalyst for Amazon (NASDAQ: AMZN) stock.

The firm explained that with Amazon's rapidly growing profits and free cash flow, they believe more attention will be paid to traditional financial metrics, such as net income and EPS, as... More