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Target price target lowered to $89 from $100 at Citi

Citi lowered the firm’s price target (TGT) on Target to $89 from $100 and keeps a Neutral rating on the shares. The Q3 report shows Target is facing challenges and losing market share, the analyst tells investors in a research note. The firm says competitive pressures make Target’s initiatives to win back share an “uphill climb.” Citi sees a balanced risk/reward at current share levels.

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