ULTA - Target May Ink Partnerships With Brands Like Ulta Beauty; Wins Analyst Praise In Tough Spending Climate | Benzinga
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Target Corporation (NYSE: TGT), with a price target of $145.00.
Target reported a third-quarter FY23 sales decline of 4.22% year-on-year to $25.398 billion, beating the analyst consensus estimate of $25.31 billion.
Comparable sales declined 4.9% in the third quarter, reflecting comparable store sales declines of 4.6% and comparable digital sales decline of 6%. Gross margin for the quarter expanded by 270 basis ...