Target shares are trading lower. The stock may be down following softer-than-expected consumer sentiment data.
Portfolio Pulse from Benzinga Newsdesk
Target shares are trading lower due to softer-than-expected consumer sentiment data.
June 14, 2024 | 6:21 pm
News sentiment analysis
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NEGATIVE IMPACT
Target shares are trading lower due to softer-than-expected consumer sentiment data, which may indicate weaker consumer spending.
Softer consumer sentiment data suggests that consumers may be less willing to spend, which could negatively impact Target's sales and revenue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100