Target lowering prices on 5,000 items in bid to lure more shoppers
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KeyBanc Reiterates Sector Weight Rating on Target (TGT)
May 22, 2024 9:07 AM EDTKeyBanc analyst Bradley Thomas reiterated a Sector Weight rating on Target (NYSE: TGT).
The analyst comments "TGT results remain challenged by the consumer environment but show ongoing improvement and should support positive comps in 2Q. 1Q results were mixed, reflecting soft but improving trends... More
Telsey Reiterates Outperform Rating on Target (TGT)
May 22, 2024 8:22 AM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $195.00 price target on Target (NYSE: TGT).
The analyst comments "Target reported mixed 1Q24 results, with an inline comp of (3.7%), but slightly lower EPS of $2.03 vs. the FactSet consensus (FS) of $2.06 and our estimate of $2.10. The total comp of (3.7%) reflects a flattish... More
Stifel on Target (TGT): 'shares could underperform'
May 22, 2024 7:56 AM EDTStifel analyst Mark Astrachan reiterated a Hold rating and $177.00 price target on Target (NYSE: TGT).
The analyst comments "Target reported F1Q24 results with comp consistent with consensus and operating income slightly below consensus mainly due to higher D&A expenses. Comp declined 3.7%, consistent with consensus, with operating... More
Roth/MKM on Target (TGT) Amid Stock 7%+ Decline Post Earnings: 'this print will be met with modest disappointment'
May 22, 2024 7:14 AM EDTRoth/MKM analyst Bill Kirk reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).
The analyst comments "With: 1) physical comparable store sales little improved throughout the boycott (1Q'24 -4.8% y/y vs. 2Q'23 - 4.3% y/y); 2) continued pressure on discretionary assortment; 3) increased... More
