MSFT 413.615 -0.4513% AAPL 229.53 0.2314% NVDA 147.3609 1.0082% GOOGL 165.96 -5.6938% GOOG 167.485 -5.5518% AMZN 198.36 -2.2279% META 562.12 -0.6012% AVGO 165.17 1.1761% TSLA 343.01 0.2865% TSM 191.8992 1.879% LLY 750.23 -0.4221% V 309.655 0.7368% JPM 244.725 1.6384% UNH 601.25 0.1249% NVO 103.125 -2.0376% WMT 88.5063 1.5213% LVMUY 120.7 -0.7646% XOM 121.88 1.2965% LVMHF 603.35 -1.0918% MA 518.33 1.1297%

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Target share price gets a boost from BofA rating upgrade

Summary

General merchandise retailer Target Corp. (NYSE: TGT) received a rating upgrade from broker BofA. TGT price rose by around 3% post the rating upgrade from BofA on October 12, 2023. 

The broker believes that the recent holiday season could turn the current depressed demand levels around. Expectations of recovering demand led the broker to raise its rating on TGT to ‘buy’ from ‘neutral’.

At present, TGT has an overall mean recommendation of 2.4 on five. Here, one indicates a ‘strong buy’ rating, while five represents a ‘strong sell' rating.

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