Reported about 2 months ago
Analyst Oliver Chen from TD Cowen noted that while Target's recent Q2 earnings exceeded expectations, consumer behavior remains inconsistent as they seek value amidst inflationary pressures. Chen, maintaining a Hold rating on Target, expressed cautious optimism about improvements in target sectors like apparel but emphasized the need for ongoing stability in consumer spending to fully endorse the stock. He highlighted the contrasting performance in the retail sector, underscoring the importance of value for success in the current market.
Source: YAHOO