Bernstein analyst Zhihan Ma lowered the firm’s price target (TGT) on Target to $124 from $142 and keeps a Market Perform rating on the shares. The firm notes Target reported Q4 2024 earnings with a low-quality EPS beat, while FY25 guidance implies a wide range of potential outcomes. While Target is still lapping easy comparable sales, Bernstein remains cautious about its medium- to long-term prospect.
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Read More on TGT:
- Target price target lowered to $124 from $132 at Piper Sandler
- Target price target lowered to $145 from $160 at BofA
- Target price target lowered to $140 from $146 at JPMorgan
- Target’s Mixed Outlook: Balancing Growth Initiatives with Macroeconomic Challenges
- Target’s Resilience and Growth Potential: A Buy Rating Amidst Economic Challenges
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