Jefferies Reiterates Buy Rating on Target (TGT) Following Earnings
Jefferies analyst Corey Tarlowe reiterated a Buy rating and $133.00 price target on Target (NYSE: TGT).
The analyst comments "TGT reported better-than-expected bottom-line results in Q4. Ticket and digital comps were positive. Non-Merch revenue increased 25% Y/Y, led by Roundel advertising. That said, discretionary spending headwinds persist, with revenue declines in apparel and accessories, hardlines, and home. Looking to FY'26, mgmt's guidance ranges were relatively in line with consensus. Q4 Bottom-Line Beat... Target reported Q4 adjusted EPS of $2.44, ahead of cons: $2.16, driven by better-than-expected gross margin and operating margin performance, while sales were essentially in line at $30.45B. Comparable sales declined 2.5%, modestly behind cons of down 2.4%, with transactions down 2.9%, partially offset by +0.4% ticket and +1.9% digital comps."
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Shares of Target closed at $113.17 yesterday.
