|Analyst / Firm||Company||Price||Rating||Price Target||Upside/Downside||Date|
2 days ago
#423 out of 3846 analysts
66%35 out of 53
Risk vs Reward
Horvers raised his price target on Target Corporation by 5.6%.
Add the pressure consumers are feeling from the "trifecta of inflation, wallet normalization, and slowing housing," to the impact of two years of abnormal full-price selling and rising costs pressures, and it is inevitable that "the earnings revision curve continues to deteriorate for most of the companies in the retail sector," the analyst told investors.
Market reactions to downward estimate revisions "have been more positive lately," Horvers noted, which is encouraging companies to reduce their guidance.
a day ago