Piper Sandler lowered the firm’s price target (TGT) on Target to $130 from $156 and keeps a Neutral rating on the shares following the notable Q3 miss and guide-down. While part of the Q3 miss can be attributed to transitory factors surrounding supply chain costs and discretionary sales weakness, results also suggest some ongoing share loss, Piper says.
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Read More on TGT:
- Target price target lowered to $145 from $180 at Guggenheim
- Target price target lowered to $139 from $167 at JPMorgan
- Target Corporation Reports Modest Q3 Growth Amid Challenges
- Target Corp Earnings Report: Did it Beat Expectations?
- Target price target lowered to $145 from $190 at Baird
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
