Target shares surge on margin improvement, inventory drawdown
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TD Cowen Downgrades Target (TGT) to Market Perform, 'Stretched Consumer Will Continue to Pressure Growth'
November 16, 2023 5:31 AM ESTTD Cowen analyst Oliver Chen downgraded Target (NYSE: TGT) from Outperform to Market Perform with a price target of $148.00 (from $161.00).
The analyst comments "What remains impressive is that TGT is a much bigger and better business since 2019 and pre-pandemic. We acknowledge discretionary comparisons ease considerably in the 2H24, which could... More
Citi notes Target's (TGT) GM performance in 3Q better than expected
November 15, 2023 1:35 PM ESTFollowing Target's (NYSE: TGT) earnings release before the open Wednesday, Citi analyst Paul Lejuez said the company's sales were no worse than feared.
The retailer reported Q3 earnings of $2.10 per share, $0.63 better than the analyst estimate of $1.47. Revenue for the quarter came in at $25.4... More
