This was not a pretty week on Wall St. With major drops after Chinese growth is called into question, the market looked very anemic. On the whole, the Dow dropped a whopping 4.5%. Target stock, however, held its own. The retailer significantly outpaced the market falling only 1.92%. In terms of news from this terrible week, we heard of the store’s first opening in the New York City borough of Manhattan. In addition, the stock earned a positive outlook from an analyst at Piper Jaffray who reaffirmed the overweight label for the stock, while dropping the target price to $59 because of a more cautious macroeconomic outlook.
Target Stock Holds Well in Week
Tags: analyst, dow, piper jaffray, target price
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