Meanwhile, Micron got a price target increase from Bank of America, which sees the chipmaker surging more than 20%.
7:08 a.m.: Jefferies raises forecast on Target Jefferies thinks improving consumer discretionary trends should boost Target shares.
The firm increased its price target on the stock to $205 from $195, implying shares gaining 16% from where they closed on Thursday.
He upgraded shares to overweight from equal weight and increased his price target by $13 to $59.
The bank also revised its bull case price target to $110 from $90, implying upside of nearly 130%.
Persons:
Morgan Stanley, Target Jefferies, Corey Tarlowe, Jefferies, Tarlowe, TGT's, — Hakyung Kim, Wells, Roger Read, Read, Hakyung Kim, Brandon Oglenski, Hunt, Robinson, Werner, Oglenski, Anthony Cassamassino, Vivek Arya, Arya, —, Morgan, DAL, Fred Imbert
Organizations:
CNBC, Delta Air Lines, Micron, Bank of America, Jefferies, Target, Devon Energy, Diamondback Energy, EOG Resources, Barclays, J.B, C.H, Werner Enterprises, Bank of America's, Microsoft, Meta, Next, 2Q, Spotify, Citigroup, Marvell, Devices, TAM, Abercrombie, Fitch's
Locations:
Wells Fargo, Devon, Delaware, Q2'24, Thursday's, DAL