The Zhitong Finance App learned that Oppenheimer believes that although Target (TGT.US)'s third-quarter results were disappointing and the outlook for fiscal year 24 was lowered, the prospects for the company's stock to reach the target price of $165 have improved, so it will revert to the preferred stock rating and maintain its “outperforming the market” rating. Oppenheimer analyst Rupesh Parikh (Rupesh Parikh) said Target “is developing a very compelling risk/reward scenario,” and pointed out many favorable factors, such as the stock's attractive buying point, expected fourth quarter guidance, 6% operating margin, and an “attractive” dividend yield of 3.52%.

The Zhitong Finance App learned that Oppenheimer believes that although Target (TGT.US)'s third-quarter results were disappointing and the outlook for fiscal year 24 was lowered, the prospects for the company's stock to reach the target price of $165 have improved, so it will revert to the preferred stock rating and maintain its “outperforming the market” rating. Oppenheimer analyst Rupesh Parikh (Rupesh Parikh) said Target “is developing a very compelling risk/reward scenario,” and pointed out many favorable factors, such as the stock's attractive buying point, expected fourth quarter guidance, 6% operating margin, and an “attractive” dividend yield of 3.52%.