Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Target Corp (NYSE: TGT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Target Corp (NYSE: TGT) stock declined modestly by -1.5% on 7/29/24. The stock closed at $146.82. However, this decline was accompanied by unusually low trading volume at 59% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.9% during the last week.
Current PriceTarget Research Rating
TGT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Target has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Target has a neutral Appreciation Score of 47 but a good Power Rating of 74, and the High Neutral Value Trend Rating results.
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