Jefferies downgrades Target (TGT) to Hold while slashing its price target on shares by $15 to...

|About: Target Corporation (TGT)|By:, SA News Editor

Jefferies downgrades Target (TGT) to Hold while slashing its price target on shares by $15 to $59. Analysts with the firm think Target underperformed during the holiday season and faces tough sales comparables in Q1 of 2013. Based on the dour outlook, EPS estimates for FY12 and FY13 are reduced by $0.10 and $0.25, respectively.