Retail Roundup: Target, Costco Wholesale, TJX
Barclays downgraded Target Corp (NYSE:TGT) stock to "underweight" from "equal weight" earlier, with the analyst in coverage noting that the retailer may continue to see sales weakness unless it revises its strategy. Amid this bear note, now is also an excellent time to check in with sector peers Costco Wholesale Corp (NASDAQ:COST) and TJX Companies Inc (NYSE:TJX).In response to today's downgrade, TGT was last seen down 0.8% to trade at $102.67. The equity carries a 24% year-to-date deficit, and is on track ...