Target shares slide after holiday season sales update
Portfolio Pulse from
Target Corp (NYSE:TGT) shares are expected to decline despite a positive sales outlook for the holiday season. The company reported a 2.8% increase in sales and a 2.0% rise in comparable sales, with digital sales up 9%. However, profit expectations remain unchanged.
January 16, 2025 | 3:00 pm
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Target Corp shares are expected to fall despite a positive sales update for the holiday season. Sales increased by 2.8% and digital sales by 9%, but profit expectations remain unchanged.
The market may react negatively to Target's unchanged profit outlook despite a positive sales performance during the holiday season. Investors might have expected an upward revision in profit forecasts given the sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100