Stock To Sell: Target) will suffer a difficult week ahead, with shares potentially breaking down to new lows, as the embattled big-box retailer’s latest earnings will likely reveal a sharp slowdown in sales growth due to the negative impact of various headwinds on its business.
In May, Target pulled some LGBTQ-themed merchandise linked to Pride Month, citing increased confrontations between shoppers and employees. Market participants expect a sizable swing in TGT stock following the update, with a possible implied move of approximately 8% in either direction, according to the options market.of analyst earnings revisions points to worsening pessimism ahead of the retail heavyweight’s Q2 print, with 26 out 30 analysts cutting their EPS estimates in the last three months.Consensus expectations call for Target to report earnings of $1.43 per share for the June quarter, improving from EPS of $0.
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