stock faces headwinds amid strategic shifts By Investing.com
Target Corporation (NYSE:), a major player in the U.S. retail sector with a market capitalization of $61.6 billion and annual revenue exceeding $107 billion, has been navigating a challenging landscape marked by shifting consumer preferences, intense competition, and macroeconomic uncertainties. Recent financial results and strategic decisions have prompted analysts to reassess the company’s prospects, leading to a mixed outlook for the retail giant. According to InvestingPro data, 32 analysts have recently revised their earnings expectations downward for the upcoming period.
Recent Financial Performance
Target’s third-quarter results for fiscal year 2024 fell short of expectations, with comparable sales increasing by a modest 0.3%…
