Target price target lowered to $150 from $165 at Jefferies

Jefferies lowered the firm’s price target (TGT) on Target to $150 from $165 and keeps a Buy rating on the shares. The firm said that despite “solid” Q4 results, investor attention is focused on Target’s tweaked long-term guidance. If the company can deliver mid- to high-single digit EPS growth, which Jefferies thinks they can, the shares are cheap, the firm told investors. Jefferies added that Target is a “best-in-class” retailer that is highly exposed to near-term macroeconomic trends, such as tariffs.