BofA raised the firm’s price target (TGT) on Target to $110 from $106 and keeps an Underperform rating on the shares. While the firm expects “a strong 1Q print,” it remains cautious due to decelerating sales trends post Q1 in an environment where the tax refund tailwind on spending fades, lapping pricing tailwinds from tariffs and lingering higher gas prices, the analyst tells investors in a preview.
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