Target price target lowered to $88 from $92 at Mizuho

Mizuho lowered the firm’s price target (TGT) on Target to $88 from $92 and keeps a Neutral rating on the shares. The firm cut estimates post the Q1 report. The company’s Q2 looks to be more of the same with sales pressures lingering and traffic severely pressured, the analyst tells investors in a research note. Mizuho sees “some under-the-radar positives” this quarter from progress on shrink and same-day delivery, but “not much else.”