Option Millionaires

[uranium-pinto-beans]

Target downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Bradley Thomas downgraded Target to Sector Weight from Overweight without a price target. The analyst still believes in the company's margin recovery story, but downgrades the shares on increasing consumer headwinds over the next 12-18 months. The firm lowered 2023 and 2024 earnings estimates further below consensus, as it does not believe the Street has factored in this incremental headwind. KeyBanc also sees growing risk of student loan payments as likely pushing out Target's margin recovery story at least another year.