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Target is the best name in retail and can survive a downturn, says Cowen

September 26, 2019


Target is the best retailer in this strong consumer economy, and it is prepared in the case of an economic downturn, according to Cowen.

The firm named Target its top retail stock idea headed into the second half of 2019. Cowen has an outperform rating on the stock and hiked its price target to $130 from $120. Shares of Target closed at $106.80 on Wednesday.

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