Mizuho lowered the firm’s price target (TGT) on Target to $88 from $94 and keeps a Neutral rating on the shares. The company reported a “lackluster” Q3 print and cut its guidance, while the firm continues to look for more aggressive and disruptive action from new senior leadership, the analyst tells investors in a research note. Mizuho adds it was “a bit surprised” by the positive tone on the call and management highlighting a list of small wins, but not enough to really move the needle for a $100B+ revenue business.
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