Jefferies Raises Target (TGT) Price Estimate, Says Strategic Reset is Showing Early Results

Target Corporation (NYSE:TGT) is included among the 10 Best Dividend Stocks to Buy for Passive Income.

Jefferies Raises Target (TGT) Price Estimate, Says Strategic Reset is Showing Early Results

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On June 26, Jefferies raised its price recommendation on Target Corporation (NYSE:TGT) to $161 from $140. It reiterated a Buy rating on the shares. The update came after hosting CFO Jim Lee and other company executives for a meeting in Boston. According to the analyst, management “struck a measured but confident tone” when discussing the company’s early progress under its strategic reset. The team pointed to early gains from merchandising-led changes and a cultural shift toward faster, bolder execution. The analyst also said Target remains one of his top stock picks.

Earlier, on June 12, Guggenheim raised its price goal on TGT to $145 from $140. It kept its Buy rating following a meeting with CEO Michael Fiddelke and CFO Jim Lee. The discussion focused on improving the execution of a clear go-to-market strategy centered on “specialization at scale.”The analyst noted that the stock’s 35% year-to-date rally “suggests the easy money has been made.” Even so, continued operational progress could attract long-term investors.

Target Corporation (NYSE:TGT) is a general merchandise retailer that sells products through its stores and digital channels. The company offers its customers, referred to as guests, differentiated merchandise and everyday essentials at discounted prices.

While we acknowledge the risk and potential of TGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TGT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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