Target: Jefferies maintains buy rating on stock

(CercleFinance.com) - Jefferies maintains its "buy" rating on the Target stock, with an unchanged price target of $185.


Jefferies notes that Target's sales are closely correlated to labour market pressures. As such, the analyst said, the data points to an increase in them in Q4.

"We view the labor market's tightness as a potential indicator of comp sales strength in 4Q22," the analyst said.


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