03:30 PM EDT, 05/21/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target by $1 to $99, 12x our FY 27 (Jan.) EPS estimate of $8.22 (up from $7.69 to reflect the shift of tariff containment to FY 26). We also lower our FY 26 EPS estimate to $7.07 from $7.12. The multiple is a sizable discount to historical averages (16x) and broadline retail peers. F1Q (Apr-Q) results were disappointing, particularly comparable sales, which declined 3.8% Y/Y after three consecutive quarters of growth. The company lowered its full-year EPS guidance to $7.00-$9.00 from $8.80-$9.80. We see more downside than upside risk to this new forecast, given weak sales trends, elevated inventory levels (+11% Y/Y), and the potential need for further price investments to drive store traffic. That said, the setup for the second half of the year appears more favorable, with easier comparisons and inventory-related markdowns likely contained to F2Q. Any macro developments around trade deals or tariff relief would also be a tailwind, given that roughly half of TGT's merchandise is imported.