Target (TGT.US) shares jumped over 5.0% during today's session after Jefferies upgraded its investment stance on the big box department store chain to 'buy' from 'hold' as it expects that company will benefit from an easing of supply chain issues and improved inventory positioning. Target shares had risen yesterday following upbeat comments from CEO Brian Cornell at a Yahoo Finance conference.
Target (TGT.US) stock launched today's session with a bullish price gap, however buyers struggle to break above major resistance at $160.00, which is marked with 61.8% Fibonacci retracement of the upward wave started in March 2020 and 50 SMA (green line). As long as price sits below the aforementioned level, another downward impulse may be launched towards recent lows at $137.00. Source: xStation5
Daily summary: Weak US data drags markets down, precious metals under pressure again!
Datadog in Top Form: Record Q4 and Strong Outlook for 2026
US Open: Wall Street rises despite weak retail sales
Coca-Cola Earnings: Will the New CEO Withstand the Pressure?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
