Target stumbles
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Target (TGT 2.20%) has seen its stock price tumble approximately 30% year to date, underperforming the broader market by a wide margin. Its disappointing financial results this ye
Target Corp. cut its sales forecast following a sharp pullback in spending and a hit from tariffs, boycotts and consumer confidence.
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Target’s was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs.
Target will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth. Here's what Wall Street is expecting for the discounter, according to a survey of analysts by LSEG:
The retailer’s stock was up more than 2% in recent trading. At its current level near $95, Target is still below the price just above $98 at which it closed Tuesday before reporting its latest financial results —but also substantially off the sub-$91 lows it touched in response to those results.
Executives acknowledged financial damage from boycotts aiming to punish the retailer’s retreat from DEI policies in January. While Target was one among many companies to scale back diversity ...