From Yahoo Finance: 2025-05-25 05:57:00

Bernstein downgraded Target Corp. (NYSE:TGT) to Underperform and lowered the price target to $80 following disappointing Q1 results. Comparable sales were -3.8%, below estimates but slightly better than expected. The firm cited challenges with shopper engagement in stores and potential continued declines. Target revised its 2025 guidance to expect low-single-digit sales decline and EPS of $8.00 to $10.00. The balance between profit margins and sales growth is a concern, with a historical emphasis on top-line growth. Despite potential, Bernstein favors AI stocks for higher returns with limited downside risk. No promotional content included.



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