SMARTREND NEWS & MARKET ANALYSIS
SmarTrend analyzes over 5,000 stocks simultaneously on an intraday basis using its pattern recognition technology to give you real-time alerts for stocks on the move -- so you can maximize your trading results. Let our system increase your market awareness.
News Watch
Target Cut from Goldman's Conviction Buy List (TGT,WMT) - 11/18/2009 2:57:33 PM

11/18/2009-Goldman Sachs cut shares of Target (NYSE:TGT) from its Conviction Buy list, and lowered its rating to Neutral citing concerns that Wal-Mart's (NYSE:WMT) aggressive discounting may result in pressures over its competitors margins.

"Wal-Mart has already turned up the heat with all stores open on Thanksgiving Day and Black Friday promotions launching one week earlier," Goldman said, which may likely "pressure its competitors' sales and margins as they are forced to respond."


SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html



 



Comtex News Network, Inc. is not a registered investment advisor and does not provide investment advice.
Copyright Comtex News Network, Inc