Jefferies analyst Corey Tarlowe lowered the firm’s price target (TGT) on Target to $115 from $120 and keeps a Buy rating on the shares. Although comps remain soft and tariff-related pressures persist, Target posted encouraging results with strong digital and alternative revenue growth, disciplined cost control, and improved shrink driving margin tailwinds, the analyst tells investors in a research note. The firm noted, however, that the top line is still trending negatively, and that margin pressure from merchandising and tariffs remains.
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