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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