Read more
4:44 PM · 18 October 2022

Target stock surges after Jefferies upgrade

Target
Stocks
TGT.US, Target Corp
-
-

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

12 December 2025, 5:42 PM

Rivian Automotive: Rising star or a meteorite?

12 December 2025, 2:40 PM

US OPEN: Valuations under pressure amid deregulation spree

12 December 2025, 10:53 AM

DE40: DAX gains 0.5%📈Lufthansa surges almost 5% amid Kepler recommendation

12 December 2025, 7:59 AM

Broadcom shares drop 5% despite robust earnings and AI demand 🗽

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits