These Analysts Cut Their Forecasts On Target After Downbeat Earnings
Portfolio Pulse from Avi Kapoor
Target Corp (NYSE:TGT) reported weaker-than-expected first-quarter earnings, with a 3.1% sales decline and adjusted EPS missing estimates. Analysts from Telsey Advisory Group and Morgan Stanley have lowered their price targets for Target following the results.
May 23, 2024 | 12:12 pm
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Target Corp reported weaker-than-expected first-quarter earnings, with a 3.1% sales decline and adjusted EPS missing estimates. Analysts from Telsey Advisory Group and Morgan Stanley have lowered their price targets for Target following the results.
Target's weaker-than-expected earnings and the subsequent reduction in price targets by analysts indicate a negative short-term outlook for the stock. The 8% drop in share price reflects investor sentiment.
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IMPORTANCE 90
RELEVANCE 100