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Target is holding its own versus digital superpowers: Cowen

Cowen analyst Oliver Chen raised his target price on the stock from $145 to $150. Chen thinks Target is well-positioned to be a long-term winner in the ever-changing retail space. Furthermore, he thinks Target has a strong balance sheet, and sees valuation as relatively inexpensive compared to rival Walmart, noting that investors underappreciate Target's position in the digital arena.