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Goldman Sachs reiterates bullish call on Target stock

Yahoo Finance Video

Yahoo Finance's Brian Sozzi discusses Goldman Sachs Analyst Kate McShane reiterating a Buy rating on Target stock.

Video transcript

BRIAN SOZZI: All right, before we head to break, let's pull up shares of Target, which are getting a bullish call by Goldman Sachs retail analyst Kate McShane. McShane is reiterating buy rating on target and issuing a $205 price target. The upbeat call comes as Target has warned on sales three times since March 1, owing to the economic slowdown.

Says McShane, "We think despite the missteps Target has taken this year on both merchandising and guidance, it remains a retail secular winner, which should support the stock." We'll dig more into Target on October 17, when Target chairman CEO Brian Cornell chats with me at the Yahoo Finance All Markets Summit. Definitely looking forward to that chat and that day.