Telsey Advisory Group analyst Joseph Feldman reiterated the Outperform rating on Target Corporation, lowering the price forecast from $145 to $130.
Target will report its first-quarter earnings on Wednesday, May 21. Analyst Feldman lowered first-quarter and full-year 2025 estimates for Target, citing weaker consumer spending, particularly in discretionary and general merchandise, along with rising costs tied to promotions, labor, tech investments, and potential tariff impacts.
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