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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Target Corporation (NYSE:TGT) is included among the 10 Best Beaten Down Dividend Stocks to Buy Right Now.
On October 13, DA Davidson cut its price target on Target Corporation (NYSE:TGT) from $115 to $108 but maintained a Buy rating on the stock. The firm also added Target to its “Stampede List,” noting that an “Equity/Debt Recapitalization” could act as a potential catalyst. According to the firm, the company’s shares have fallen roughly 65% from their pandemic-era peak and are down over 34% so far this year.
DA Davidson suggested that under a leveraged buyout scenario, buyers would need to achieve an annual EBITDA increase of 2.8% over the next five years to deliver a 25% internal rate of return. While Target Corporation (NYSE:TGT) continues to face fundamental challenges, the firm noted that margins appear to be stabilizing, and management guidance points toward a gradual improvement.
Consumers continue to struggle with elevated prices, tighter budgets, and growing uncertainty tied to shifting tariff policies and a slowing US economy. These conditions have weighed heavily on Target Corporation (NYSE:TGT), contributing to softer sales performance.
Even so, Target Corporation (NYSE:TGT) dividend remains a key source of stability, providing steady returns for shareholders amid a difficult retail environment. The company has been growing its dividends for 54 consecutive years and currently offers a quarterly dividend of $1.14 per share. As of October 16, the stock has a dividend yield of 5.06%.
While we acknowledge the potential of TGT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Dividend Stocks That Have Raised Payouts for 20+ Years and 12 Must-Buy Dividend Stocks to Invest in
Disclosure: None.
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