Reported 2 days ago
Wells Fargo has downgraded its price target for Target Corp. (TGT) from $135 to $115 while maintaining an Overweight rating after the company reported disappointing fiscal Q1 2025 results, including a 3.8% drop in comparable sales. Target also revised its sales projections for the fiscal year 2025, expecting a low-single-digit decline in sales and adjusted EPS between $7.00 and $9.00, amidst broader economic concerns and reduced visibility for recovery.
Source: YAHOO