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Target’s Growth Momentum Faces Skepticism | Raleigh News
Target’s sales are surging, with a nearly 7% Q1 jump fueling a revised full-year forecast of 4% growth. Bank of America is bullish, raising earnings estimates to $2.34 EPS for Q2 and projecting 2.5% comparable sales growth — all while consumer spending stays flat. Improved supply chain efficiency and reduced markdowns are boosting margins. Yet, Bank of America still rates Target “Underperform,” despite a higher price target, signaling lingering concerns. Analysts note long-term bets are smart, but risks remain: slower recovery in key categories and fierce grocery competition could hurt…
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