Target ( TGT ) delivered Q3 earnings and sales misses last week and a cautious Q4 view. This resulted in a 22% drop in shares that are trying to recover this week off of new 52-week lows at $120.
Target, CF Industries, Twilio and Paramount are included in this Analyst Blog.
Target (TGT) shares jumped Monday after analysts at Oppenheimer named the stock a “top pick” a week after the retailer's disappointing third-quarter earnings report sent shares swooning.
As consumers focus on managing household budgets and seeking value, Target faces softening demand in discretionary categories.
NEW YORK, NY / ACCESSWIRE / November 25, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Target Corporation ("Target Corporation") (NYSE:TGT) concerning possible violations of federal securities laws. On November 20, 2024, Target reported earnings well below Wall Street's expectations, which the big retail chain blamed on slower-than-expected demand.
Recently, Zacks.com users have been paying close attention to Target (TGT). This makes it worthwhile to examine what the stock has in store.
EAST NEW YORK, NY / ACCESSWIRE / November 25, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Target Corp. ("Target" or "the Company") (NASDAQ:TGT). Investors who purchased Target securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TGT.
Target Corp (NYSE:TGT) stock is 1.6% higher before the bell, on track to open at $126.99 after being named a "top pick" at Oppenheimer.
Target Corporation's (TGT 2.81%) shares tumbled 19.8% last week after reporting 2024 third-quarter earnings that fell short of expectations. The sell-off came as the retailer reported comparable sales growth of just 0.3% and lowered its fourth-quarter outlook, citing cautious consumer spending in discretionary categories.
Caesars Entertainment needs a recapitalization program, blending refinancing and potential property sell-offs, to address its $11.7 billion long-term debt. JPMorgan's latest analyst focus list shows a 58% upside in the price target for CZR, highlighting its strong asset base. CZR's 65 million-member rewards database provides stability against debt concerns, maintaining its position as a leader in the sector.
I downgraded Live Nation Entertainment from a buy to a hold due to its high share price, limiting upside potential despite strong growth prospects. 3Q24 results showed a revenue decline but a 4.4% increase in adjusted operating income, indicating efficient cost management. Demand remains robust with strong fan growth, new venue openings, and increased sponsorships, supporting long-term growth.
Back in its second-quarter earnings report in August, Target (TGT 2.81%) gave investors hope that it was finally turning the corner.