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Morgan Stanley Reiterates Overweight Rating on Target (TGT)

August 14, 2024 6:50 AM EDT

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT).

The analyst comments "Expecting in-line Q2'24 comps and EPS. Earnings upside cases for '24 seem less likely without significant gross margin expansion. Stock not demanding... More