JPMorgan raised the firm’s price target (TGT) on Target to $146 from $139 and keeps a Neutral rating on the shares. The firm increased Q4 earnings estimates to high-end of Target’s guidance range with inventories expected to “exit clean.” However, it forecasts Q1 guidance below consensus, with fiscal 2025 lower on sales but a bit higher than the current consensus earnings.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGT:
- Target announces strategic partnership with Champion
- Target’s Strategic Growth and Value Proposition Amidst Competitive Challenges
- Target Stock Offers Value Despite Gloomy Q4 Earnings Forecast
- Apple (AAPL) to Defend DEI Policies and Open AI Partnership Despite Investor Angst
- Trump Doubles Down on Economy-Shifting Changes for Federal Workers