BofA Securities Reiterates Buy Rating on Target (TGT)

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT)

The analyst comments "Target (TGT) will report F2Q25 on 8/21. Our model assumes a comp inflection to +1% vs a -3.7% decline in F1Q, consistent with F2Q observed sales (OS) data (Exhibit 3). While OS moderated through July, we believe this was driven by a pull-forward of summer sales to June due to extreme heat, a drop off following Target Circle week (7/7 to 7/13) as consumers concentrate spending on key promotional periods, and ticket pressure from the incremental price reductions on 1,000 items planned for summer."

For an analyst ratings summary and ratings history on Target click here. For more ratings news on Target click here.

Shares of Target closed at $144.04 yesterday.

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