Target to undershoot sales guidances, predict Citi analysts
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Citi analysts predict that Target Corp will report lower-than-expected sales in its upcoming third-quarter earnings, with a projected comparable sales growth of 1% versus the market's expectation of 1.6%.
November 11, 2024 | 2:30 pm
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Citi analysts expect Target Corp to report lower-than-expected sales in Q3, with a 1% growth forecast compared to the market's 1.6% expectation.
Citi's projection of 1% sales growth for Target is below the market's expectation of 1.6%, indicating potential underperformance in the upcoming earnings report. This could lead to a negative short-term impact on Target's stock price as investors adjust their expectations.
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