Walmart's Self-Checkout Glitch Leads to Widespread Mispricing - Walmart (NYSE:WMT) benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Stock Market Sectors Guide: How These 11 Slices Of The Market Work bankrate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankrate.com Daily Mail and Mail on Sunday newspapers.
BMO Capital's Kelly Bania reiterates Market Perform for Target but lowers the price target from $170 to $155. Despite 1Q results meeting expectations, concerns arise over continued gross margin upside, share losses in food and consumables, and competition from Amazon and Walmart.
Target reported a first-quarter FY24 sales decline of 3.1% year-on-year to $24.531 billion, with comparable sales down 3.7%. Adjusted EPS was $2.03, missing the consensus estimate of $2.06. BofA Securities reiterated a Buy rating with a $190 price target. Telsey Advisory Group reiterated an Outperform rating with a $195 price target, highlighting outperformance in beauty and future market share gains.