TGT - Target's Q4 Sales To Remain Challenged Says Analyst | Benzinga
BofA Securities analyst Robert F. Ohmes has reiterated a Buy rating on the shares of Target Corp (NYSE:TGT) with a price target of $160.
Target will report its fourth-quarter earnings on March 5.
The analyst expects a comparable sales decline of (5%), in-line with (4.9%) reported in the third quarter as moderating food & beverage inflation is expected.
The analyst sees continued soft discretionary trends to offset improving traffic supported by strategic & merchandising initiatives.
Despite near-term challenges, the analyst opines that investors may look through ...