UPDATE: J.P. Morgan Reiterates Overweight Rating, Lowers PT on Target Corporation
Posted on January 02, 2013 at 12:54 PM EST
In a report published Wednesday, J.P. Morgan & Co. reiterated its Overweight rating on Target Corporation (NYSE: TGT ), but lowered its price target from $76.00 to $74.00. J.P. Morgan noted, “We are maintaining our Overweight rating as we believe the stock is positioned for outperformance in 2013 based on