|Day's range||1.6800 - 2.0500|
Target's stock gets hit with another downgrade.
Investing.com -- Stocks in focus in premarket trade on Friday, June 9th. Please refresh for updates.
Investing.com -- Shares in Target (NYSE:TGT) slipped in premarket trading on Friday after analysts at Citi downgraded their rating of the big box retailer due in part to concerns over sluggish foot traffic.
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Target, QuantumScape, UiPath, and First Northwest Bancorp. Citi downgraded Target (NYSE:TGT) to Neutral from Buy and cut its price target to $130.00 from $177.00, as InvestingPro reported in real time. Considering the competitive landscape, the firm anticipates that Walmart (NYSE:WMT) will continue to gain market share, potentially at the expense of Target.
(Reuters) -Amazon.com said on Thursday that it was cutting delivery routes short for drivers in places affected by poor air quality, while Target also said its contactless order pickup service may not operate in the most affected areas. Hundreds of forest fires are burning across much of Canada as the country sees its worst-ever start to the wildfire season, which has pushed smoke into the eastern United States, covering several cities with a thick, yellow haze. On Wednesday, New York City's air quality was considered the worst in the world.
It's OK to be more cautious at times and more aggressive at others, but buying stocks regularly helps correct for natural market volatility. With that in mind, PayPal Holdings (NASDAQ: PYPL), Target (NYSE: TGT), Vertex Pharmaceuticals (NASDAQ: VRTX), Walt Disney (NYSE: DIS), and Chevron (NYSE: CVX) are worth buying in June. Trevor Jennewine (PayPal Holdings): It's no secret that digital payments are becoming more prevalent, but investors may not realize that digital wallets are driving that trend.
Target (NYSE: TGT) is one of the best-known big-box retail giants. Let's discuss what is dragging the stock lower, and why Target is looking like a great dividend stock to buy now despite some concerns. Over the past month, its stock is drastically underperforming the S&P 500, the consumer discretionary sector, the retail industry, and even peers like Walmart (NYSE: WMT) and Costco Wholesale (NASDAQ: COST).
After a brutal 2022, the stock market is roaring in 2023, with the Nasdaq Composite up 26% and the S&P 500 up 11% year to date (YTD) at the time of this writing. Yet dig deeper and you'll find some peculiar price action in many well-known names.
The tailwinds of the pandemic have fully faded for retailer Target (NYSE: TGT). Comparable sales are flatlining, digital sales are slumping, and even the company's popular same-day services like curbside pickup are putting up tepid growth numbers. Target has made progress reducing inventory levels, but the company is now facing threats on multiple fronts.
Dollar General and Target shares are trading lower Monday morning as analysts downgraded the retail stocks, citing economic headwinds and fears of consumer of a slowdown in consumer spending. Yahoo Finance Live's Julie Hyman and Brad Smith break down what analysts are saying.
As the 2023 summer season approaches, Yahoo Finance's Brian Sozzi breaks down 5 stock market trends to watch this summer. Ben Laidler, eToro Global Markets Strategist, and Tom Essaye, Sevens Report Research Founder and President, join Yahoo Finance Live to discuss what they're watching this summer.
It's time to call out some trends to watch in the stock market before hitting the surf and sand.
Investing.com -- Stocks in focus in premarket trade on Monday, June 5th. Please refresh for updates.
Costco missed Wall Street's top-line estimates, but the reason why is what investors in the retail sector need to watch.
Target continues to be in focus by market goers, now for a new reason.
Last year, the three major U.S. stock indexes entered bear market territory. The one positive thing about a bear market is that it's an opportunity to snap up quality companies at bargain prices. Etsy's earnings soared during the earlier days of the pandemic, when people favored shopping online.
Investing.com -- Stocks in focus in premarket trade on Thursday, June 1st. Please refresh for updates.
U.S. retailer Target's decision to remove some LGBTQ-themed merchandise after customer backlash in its stores highlights the problem with companies' "rainbow capitalism," said Erik Carnell, a transgender designer whose products were pulled from its stores. Target has sold LGBTQ-related goods tied to Pride month for years. Some conservative news outlets and Republican politicians labelled Carnell and his designs - which are printed on pins, stickers and T-shirts - "Satanic" and falsely claimed his products in Target were marketed to children.
Automation, Walmart's new fulfillment center and alternative businesses are just a few of the key agenda items analysts are planning to hear more about this week.
The gaze of investors now turns to what the Federal Reserve may do in a few short weeks.
These stocks offer reliable ways to invest in the market while collecting a sizable stream of passive income.
Cowen Senior Research Analyst Oliver Chen joins Yahoo Finance Live to discuss the latest from the retail sector, including Costco's declining sales, the outlook for luxury brands like LVMH, and how theft is hurting big names like Target and Ulta.
RH continues its stretch of poor results, in part because of poor execution.
Comparable sales at Best Buy have fallen for seven straight quarters. The company thinks it's finally seen the worst of the declines.
Transgender designer Erik Carnell has seen a surge in demand for his pins, prints, stickers and T-shirts after U.S. retailer Target Corp pulled his products amid a backlash by some customers to its Pride collection, he said on Thursday. Target's Pride collection included more than 2,000 products from clothes and music to home furnishings, and while several are under review the only ones removed so far from its website and stores are from Carnell's brand Abprallen. Target said this year's Pride collection led to an increase in confrontations between customers and employees and incidents of Pride merchandise being thrown on the floor.