Target Corp.’s stock was downgraded to sector weight from overweight by KeyBanc Capital Markets Monday amid consumer spending pressures, specifically the impact of student loan repayments.
... Target Corp.’s stock was downgraded to sector weight from overweight by KeyBanc Capital Markets Monday amid consumer spending pressures, specifically the impact of student loan repayments. Student loan repayments are slated to resume later this year. Under the terms of the deal to raise the debt limit, the pause in student-loan repayments will end by Aug. 30.Target’s TGT stock snapped its longest losing streak in 23 years last week. The company’s shares ended Friday’s session up 1.6%, outpacing the S&P 500 index’s SPX gain of 1.5%. Target’s stock is down 0.8% in premarket trades Monday.