Target Corporation (TGT): The Downgrade Isn't Wrong, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Talked About. Target Corporation (NYSE:TGT) is one of the stocks Jim Cramer recently discussed.

Target Corporation (NYSE:TGT) is an off-price retailer that has seen tough love from Cramer in 2025. While the CNBC TV host is a fan of Walmart and Costco, he believes that Target Corporation (NYSE:TGT) needs to cut prices in order to become competitive. The shares have lost 22.5% year-to-date as the firm has struggled from declining foot traffic at its stores. Cramer discussed Barclays downgrading Target Corporation (NYSE:TGT)’s shares to Underweight from Equal Weight:

“Not that I think that the Target downgrade is wrong. Target’s kind of in the middle. But I do think it’s time to buy Walmart.”

Previously, he discussed Target Corporation (NYSE:TGT)’s share price performance:

“Right now, remember, we don’t care… in this show, we don’t care where a stock is going… We don’t care where it’s come from, we care where it’s going. And I’ve gotta tell you, this stock, obviously, everybody’s got, almost every single person in the country has a loss in this thing right now. So that doesn’t matter. It yields 4.6. I happen to think that… ever since it [has] gotten to the high 4s when it came to the yield, it stopped going down. I think it will continue to be the case because they do have an excellent balance sheet. So I’m going to say you can hold it. I’m not going to tell you to buy it.”

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Disclosure: None. This article is originally published at Insider Monkey.