BofA Securities Reiterates Buy Rating on Target (TGT)
BofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT)
The analyst comments "Target (TGT) will report F2Q25 on 8/21. Our model assumes a comp inflection to +1% vs a -3.7% decline in F1Q, consistent with F2Q observed sales (OS) data (Exhibit 3). While OS moderated through July, we believe this was driven by a pull-forward of summer sales to June due to extreme heat, a drop off following Target Circle week (7/7 to 7/13) as consumers concentrate spending on key promotional periods, and ticket pressure from the incremental price reductions on 1,000 items planned for summer."
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Shares of Target closed at $144.04 yesterday.