JPMorgan analyst Christopher Horvers lowered the firm’s price target (TGT) on Target to $100 from $117 and keeps a Neutral rating on the shares. ahead of the Q3 report. The firm reduced Q3 same-store-sales forecasts and expects the retail earnings season “to be quite mixed.” JPMorgan expects Target to lower its prior guidance and imply negative low-single-digit comps in Q4.
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