Updates

** Supermarket chain Target's TGT.N shares down 5.3% at $114.31 after being up around 4% premarket

** Expects annual comparable sales to be about flat, compared with analysts' expectations of 1.8% increase, according to data compiled by LSEG

** Says new tariffs on imports from Mexico and Canada, which took effect on Tuesday, could increase prices "over the next couple of days" for seasonal produce such as avocados

** Co warns uncertainty around tariffs would weigh on the retailer's profit in the first quarter and doubled down on sourcing more of its products from countries including Guatemala

** Including session's move, TGT stock has fallen 15.4% YTD

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))