Target issues weak forecast as shoppers pull back; shares tumble

Published on 22 May 2024 on Reuters via Yahoo Finance

Target issues weak forecast as shoppers pull back; shares tumble

By Siddharth Cavale and Ananya Mariam Rajesh

(Reuters) -U.S. retailer Target on Wednesday reported quarterly earnings that missed Wall Street estimates and its forecast for the current quarter also disappointed investors, who sold off its shares.

Last down 7.7% at $143.84, the stock was on track for its sharpest one-day drop since November 2022.

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Target issues weak forecast as shoppers pull back; shares tumble

NYSE.CLX price evolution

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