Amazon recently announcement of evolving their Prime free two-day shipping program to be a free one-day shipping program. On the news, Target shares decline 5.7% on Friday. On Monday, Target was upgraded by Barclays to overweight from equal-weight with a price target of $115, which represent a roughly 50% appreciation in the stock price.
“If we focus on the two categories TGT appears to have the most competitive advantages in , Apparel and Home Furnishings, we believe TGT has a minimum ~$140 billion sales opportunity for market share,” analyst Matthew McClintock wrote.This market expansion should help the company overcome the margin
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