Reported 6 months ago
Analyst Michael Baker from D.A. Davidson expects Target (TGT) to show a turnaround story in the second quarter, with hopes for positive comparable sales following several quarters of negative comps. Baker anticipates that Target's margins will improve, aiming to return to historical trends of around 6% before the pandemic. Despite the current low expectations for Target's first-quarter earnings, the focus is on the company reiterating its guidance for positive comps in the second quarter and maintaining flat performance for the year. Baker views Target's price reductions on 5000 items as a positive strategy to attract customers and regain market share.
Source: YAHOO