Bernstein downgrades Target stock ahead of Q1 print on near-term headwinds

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Morgan Stanley Reiterates Overweight Rating on Target (TGT), PT $160

May 13, 2025 8:12 AM EDT

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $160.00 price target on Target (NYSE: TGT).

The analyst comments "Weak quarter and outlook likely, but undemanding valuation. TGTs valuation discount has continued to widen (to 10.5x 26E P/E vs group average ~36x), reflecting... More