Reported 2 days ago
On May 22, Bernstein reaffirmed its Underperform rating on Target Corp. (NYSE:TGT) while reducing the price target from $82 to $80 following a disappointing Q1 performance with comparable sales down 3.8%, falling short of estimates. Analysts noted that Target is facing challenges in shopper engagement and the continued dilution of e-commerce margins due to same-day delivery services. Bernstein expects further declines in sales and cautions that Target's historical focus on growth over margins could worsen its financial position, leading them to favor AI stocks with more upside potential.
Source: YAHOO