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Analysts Highlight Target's Market Share Struggles And Increased Competition: Details

Benzinga ·  May 23 14:34

Yesterday,Target Corp(NYSE:TGT) reported its first-quarter FY24 earnings and the following are the comments on the same by different analysts.

BMO Capital – Reiterates Market Perform, lowers price target from $170.00 to $155.00

Analyst Kelly Bania said that while Target's first-quarter results were in line with her expectations, investor expectations for continued GM% upside were clearly reigned in.

With signs of share losses widening in food & consumables, continued weakness in digital growth and signs of increasing same-day competition fromAmazon.com Inc(NASDAQ:AMZN) andWalmart Inc(NYSE:WMT), the analyst lowered the price target to $155.

The analyst...

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