Target's Q2 Beat Fuels Analyst Optimism With Strong Outlook, Strategic Initiatives
TGTTarget(TGT) Benzinga·2024-08-23 02:01

Target Corporation TGT shares are trading lower on Thursday.Yesterday, the company reported better-than-expected second-quarter financial results and raised its outlook.Target has raised its full-year 2024 adjusted EPS outlook to a range of $9.00 to $9.70, up from the previous range of $8.60 to $9.60. This new outlook compares to an estimate of $9.36.Analysts covering the retail behemoth provided their takes:BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Target, raising the price forec ...