Goldman Sachs: We Were Wrong on Target
August 06, 2014 at 11:04 AM EDT
Goldman Sachs analyst Matthew Fassler and team admit their thesis on Target (TGT) was wrong: AP Our prior thesis… We maintained our Buy rating on Target at that time for three reasons. • Optionality from decisions on a new CEO and the future of the firm’s Canadian subsidiary. • We still expected accelerating earnings momentum in [...]