Target earnings on deck as discretionary spending looms large for the retail giant

Target Corp. reports first-quarter results before market open Wednesday, with analysts expecting the retailer to see a slowdown in discretionary spending.

Raymond James reaffirmed its strong buy rating for Target TGT in a note released Monday, but lowered the retailer’s price target to $190 from $195. The analyst firm also lowered its fiscal year 2023 EPS estimate to $7.85 from $8.45.

Target’s stock is up 1.1% Monday, outpacing the S&P 500 index’s SPX gain of 0.02%. The retailer’s shares are up 7.2% this year, compared with the S&P 500 index’s gain of 7.4%.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Political analysts, business groups react to Thailand election resultsThailand's opposition Move Forward and Pheu Thai parties trounced conservative parties backed by the country's military in an election on Sunday, with the focus expected to shift quickly towards efforts to form a government.
Source: Reuters - 🏆 2. / 97 Read more »

Instant View: Political analysts, business groups react to Thailand election resultsThailand's opposition leader Pita Limjaroenrat said on Monday he was ready to become the next prime minister, after his Move Forward Party finished first in an election that crushed parties allied with the military-backed establishment.
Source: Reuters - 🏆 2. / 97 Read more »