1027 ET - Bank of America downgrades Target to underperform from neutral, saying the retailer's long-term outlook is deteriorating. In a note, BofA says Target is underperforming its peers on sales, digital growth and investments, and that it faces increasing competitive threats from Walmart and Amazon. BofA also thinks Target has higher exposure to tariff, pricing, and merchandising headwinds, with fewer long-term potential offsets. BofA's price target goes to $93 from $105. Target down 1.6% to $102.61. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
August 15, 2025 10:27 ET (14:27 GMT)
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