Stifel analyst Mark Astrachan lowered the firm’s price target (TGT) on Target to $130 from $145 and keeps a Hold rating on the shares. Following in-line Q4 results and a below-consensus FY25 outlook, the firm reduced it FY25 and FY26 estimates, the analyst tells investors. The firm thinks Target is “managing as well as it can in a challenging consumer environment where discretionary spending is slowly improving compared to prior years,” the analyst added.
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