Target's Profit Recovery Will Take Time, Analyst Warns

Target Corp. (NYSE:TGT) stock fell Friday after Bank of America restarted coverage with an Underperform call, signaling the retailer's turnaround may take longer — and cost more — than bulls expect.Bank of America Securities (BofA) reinstated coverage of Target on Friday with an Underperform rating and a $103 price forecast, implying roughly 10% downside from Thursday’s close of $114.79.Analyst Christopher Nardone pegs his target at 14 times 2026 earnings per share forecast of $7.35 — about 4% below Wall St ...