
Goldman Sachs downgrades Target on slowing sales
Investing.com -- Goldman Sachs downgraded Target Corp (NYSE:TGT) to "Neutral" from "Buy," given concerns about a weaker recovery in discretionary categories, increased downside risk to earnings, and signs of slowing sales.The brokerage said Target’s discretionary mix, about 53% of its 2024 product assortment, makes it more vulnerable to softer consumer spending, especially compared to pee ...