Target Finds A Direction Forward: 3 Analysts Review Q1 Print, 'Margin Recovery Story'
Portfolio Pulse from Priya Nigam
Target Corp (TGT) shares declined despite reporting better-than-expected Q1 results. Analysts from KeyBanc Capital Markets, Telsey Advisory Group, and Raymond James maintained positive ratings and price targets for the company, citing progress on cost initiatives and long-term market share gains and margin improvement.

May 18, 2023 | 4:06 pm
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Target's Q1 results beat expectations, but shares declined. Analysts maintain positive ratings and price targets, highlighting cost initiatives and long-term growth potential.
Target's better-than-expected Q1 results were overshadowed by a decline in share price. However, analysts from KeyBanc Capital Markets, Telsey Advisory Group, and Raymond James maintained positive ratings and price targets for the company, citing progress on cost initiatives and long-term market share gains and margin improvement. This suggests that the short-term impact on TGT's stock price may be neutral, as the company's long-term prospects remain positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100