Roth Capital raised the firm’s price target (TGT) on Target to $114 from $88 and keeps a Neutral rating on the shares. The company reported a big Q1 comparable sales and earnings beat while also raising its FY26 guidance. Though two primary concerns remain, namely SG&A expenses outpacing surprise revenue growth and that Q1 may have been a Goldilocks quarter with the easiest comparison amid a favorable discretionary environment, the analyst tells investors in a research note. With tougher compares and higher fuel prices, Target’s performance may decelerate, Roth added.
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