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Citigroup Inc. downgraded Target Corporation (NYSE:TGT) to Neutral in a report released today.

Yesterday Target Corporation (NYSE:TGT) traded 0.82% higher at $50.91. The company’s 50-day moving average is $56.66 and its 200-day moving average is $55.03. The last stock close price is down 8.97% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 6,718,706 shares of the stock were exchanged, down from an average trading volume of 7,768,740

Citigroup Inc. has downgraded Target Corporation (NYSE:TGT) to Neutral in a report released on Wednesday June 21, 2017.

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Target Corporation (NYSE:TGT)

Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33 with a P/E ratio of 12.12 The company’s market cap is currently $0.

In addition to Citigroup Inc. reporting its target price, a total of 23 firms have issued a report on the stock. The consensus target price is $78.64 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Target Corporation (NYSE:TGT)

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online. Its owned brands include Archer Farms, Market Pantry, Sutton & Dodge, Art Class, Merona, Threshold, Ava & Viv, Pillowfort, Room Essentials, Wine Cube, Cat & Jack, Simply Balanced and Wondershop. Its exclusive brands include C9 by Champion, Hand Made Modern, Mossimo, DENIZEN from Levi's, Nate Berkus for Target, Fieldcrest, Kid Made Modern, Genuine Kids from OshKosh and Liz Lange for Target. As of January 28, 2017, the Company had 1,802 stores across the United States, including 1,535 owned stores, 107 leased stores and 160 owned buildings on leased land.

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