Target's December Rebound Earns It A Hold Rating From Vetr

The Vetr crowd on Tuesday downgraded its rating on Target Corporation TGT from 3.5 stars (Buy), issued 20 days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was generally positive, with 66 percent of Vetr user ratings bullish.

Vetr's downgrade comes as share price in Target hits six-month highs, which analysts with Citigroup took note of, raising its price target on the retailer to $67. Target closed Tuesday's session up slightly at $64.09.

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Currently, the Vetr crowd's average price target on Target is up at $66.59, which is still only slightly below the average analyst price target of $66.79. Less than 2 percent of Vetr users are holding $TGT in their watch-lists.