From Yahoo Finance: 2025-05-24 04:33:00

RBC Capital Markets maintained an Outperform rating on Target Corporation (TGT) but lowered the price target from $112 to $103. This adjustment follows Target’s reduction in 2025 guidance due to first-quarter results. Future performance is dependent on consumer reaction to inflation in the second half of the year. RBC predicts margin and competitive challenges in the third quarter, with Target’s comparable sales expected to decline 2.8% in 2025 and increase 2.0% in 2026, down from previous projections of a 0.2% decline and 1.5% increase. Adjusted earnings per share estimates for TGT have also been revised lower for 2025 and 2026.



Read more at Yahoo Finance: RBC Maintains Outperform Rating on Target (TGT), Cuts PT