$TGT - Citi downgrades Target to Neutral from Buy - PT $130 (from $188) Target's Q3 results were notably weak, suggesting market share loss to Walmart, especially among higher-income shoppers, according to Citi. This might push Target to increase promotions to boost sales, making FY25 outlook uncertain. Despite the stock price dropping 19% to $126.90 in premarket, Citi sees a more balanced risk/reward.