Oppenheimer analyst Rupesh Parikh has reiterated an Outperform rating on Target Corporation (TGT), but lowered the price target from $190 to $165. The company is expected to report its quarterly results on August 16, 2023, with net sales expected to be $24.91 billion and EPS of $1.15. Parikh has lowered the EPS projection for FY23 to $7.00, down from $7.90, due to ongoing challenges in discretionary categories and potential headwinds related to the student loan payment restart. Despite near-term pressures, Parikh remains bullish for long-term players, anticipating a multiyear margin recovery.