From Yahoo Finance: 2025-05-26 08:46:00

Wells Fargo lowered Target Corp.’s price target to $115 from $135 on May 22, but maintained an Overweight rating. The company reported a challenging fiscal Q1 2025 with a 3.8% drop in comparable sales and a 5.7% decrease in comparable store sales.

Target also revised its fiscal year 2025 guidance to include a low-single-digit decline in sales and adjusted EPS of $7.00 to $9.00. This guidance excludes litigation settlement gains in Q1 and predicts a GAAP EPS of $8.00 to $10.00. Wells Fargo believes the guidance cut reflects a realistic view considering tariffs.

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Read more: Wells Fargo Maintains Overweight Rating on Target (TGT), Cuts PT