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Target's Sales Decline And EPS Miss: Why Analysts Remain Optimistic
Summary
Target reported a first-quarter FY24 sales decline of 3.1% year-on-year to $24.531 billion, with comparable sales down 3.7%. Adjusted EPS was $2.03, missing the consensus estimate of $2.06. BofA Securities reiterated a Buy rating with a $190 price target. Telsey Advisory Group reiterated an Outperform rating with a $195 price target, highlighting outperformance in beauty and future market share gains.
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Read Full ArticleArticle published on May 22, 2024 by benzinga