Fly News Breaks for January 15, 2020
Jan 15, 2020 | 09:10 EDT
Baird analyst Peter Benedict noted Target said holiday comps were below expectations, but the Q4 earnings outlook remains intact. He said the holiday softness was due to softer sales in key seasonal categories and believes the compressed holiday season likely played a role. He is maintaining his estimates and views the weakness as an attractive entry point. Benedict maintained his Outperform rating and $140 price target on Target shares.
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