Bank of America Global Research lowered its rating on Target Corp. to Underperform from Neutral and cut its 12-month price target to $93 from $105, citing a weakening long-term outlook for the retailer’s sales and margins. Separately, TD Cowen trimmed its price objective on aerospace-parts supplier TransDigm Group Inc. to $1,565 from $1,650 while maintaining an Outperform stance, reflecting more conservative growth assumptions for defense and commercial aftermarket demand.