1252 ET - Target should see its comparable sales improve through the quarter and year given improving weather, key upcoming promotional moments, inventory shrink tailwinds and efficiency savings, BofA Securities analysts say in a research note. Still, the retail giant's February sales declines, outsized profit pressures in the first quarter and tariff uncertainty are getting most of the attention of the analysts. BofA Securities cuts its FY26 EPS estimates to $9.10 a share from $9.55 a share previously, and lowers its target price to $145 a share from $160 a share. Target shares fall 1.5% to $115.38. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 05, 2025 12:52 ET (17:52 GMT)
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