02:46 PM EST, 11/17/2025 (MT Newswires) -- Target ( TGT ) is likely to post soft Q3 on Wednesday with comparable sales down about 2% and could narrow its fiscal 2025 earnings per share guidance toward the low end of its $7 to $9 range, Oppenheimer said Monday in a pre-results report.

Oppenheimer said it added conservatism to its Q4 model to reflect potential pressure from Supplemental Nutrition Assistance Program disruptions and the government shutdown, and noted recent store checks showed normalized to slightly elevated apparel clearance inventory.

Despite the near-term pressures, the firm said valuation remains attractive, with shares appearing to have bottomed in the high-$80s to low-$90s range and yielding roughly 5% on dividends. Oppenheimer forecasts fiscal 2025 EPS of $7.

Oppenheimer kept an outperform rating and a $130 price target on Target's ( TGT ) stock.

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