This morning, Jefferies reduced its price target on shares of Staples (NASDAQ:SPLS) to $14 as the company is seeing slower demand and weaker-than-expected sales. In the report, Jefferies lowered its EPS estimates, but maintained its hold rating. Shares of Staples were lower by 0.7% on Thursday.
UBS lowered its price target on shares of Target (NYSE:TGT) to $66 following the company's new earnings guidance announcement. In the report, UBS reduced its EPS estimates accordingly and maintained its neutral rating. Shares of Target were lower by 0.9% on the news.
And BMO Capital lowered its price target on shares of Hewlett-Packard (NYSE:HPQ) to $27 as growth could be an issue, especially in the enterprise segment. In the report, BMO lowered its EPS estimates and maintained its market perform rating. Shares of HPQ were lower by more than 13% on the news.
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