Target profit crumbles as inflation-weary consumers shun discretionary spending
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BMO Capital reiterates positive view on Target (TGT) as 'vast majority' inventory optimization costs happened in 2Q
August 17, 2022 7:50 AM EDTBMO Capital analyst Kelly Bania reiterated an Outperform rating and $190.00 price target on Target (NYSE: TGT) following results, noting the company said the "vast majority" of expected inventory optimization costs happened in 2Q.
The analyst commented, "TGT's F2Q23 EPS missed on... More
Target's (TGT) Reiterated 2nd-Half Guidance 'Matters More' - Stifel
August 17, 2022 7:45 AM EDTStifel analyst Mark Astrachan weighed in on Target (NYSE: TGT) following Q2 results, saying while disappointing the reiterated 2nd-half guidance matter mores.
The analyst commented, "Target reported disappointing F2Q22 results and reiterated prior F2H22 guidance. Comparable sales increased 2.6% (consensus 2.8%), consisting of 1.3% for store sales and... More
