Wolfe Sees Reduced Downside for Target as Real Estate and Operational Changes Bolster Risk Profile
Wolfe Research upgraded Target to Peer Perform from Underperform, citing a likely near-term earnings rebase, signs of operational improvement and a sizeable real estate asset base that provides downside protection. The firm projects a potential reset of earnings to about $6 in fiscal 2026 before gradual recovery, and expects higher capital and oper…