Jefferies Elevates Target to Top Retail Pick Citing Broad Merchandising Reset
Jefferies analyst Corey Tarlowe elevated Target Corp to his top retail pick and raised the price target to $177 from $161, while keeping a Buy rating. The upgrade reflects what Tarlowe describes as one of the most extensive assortment refreshes in years, supported by stronger-than-expected foot traffic and upward revisions to second-quarter compara…