Earnings Outlook: Target earnings: Prepare for ‘nothing but awful,’ analyst says

Target’s earnings are expected to fall in line with the misses reported by other retailers.

Target Corp. is expected to announce first-quarter earnings before the opening bell on Wednesday.

Retailers from Macy’s Inc. M, -1.27% to J.C. Penney Co. Inc. JCP, +5.41% have reported earnings and sales misses and seen their stock tumble over recent weeks. Target’s TGT, -1.34% earnings are expected to fall along the same lines, with Macquarie Research analysts preparing for the worst.

Target shares have an average hold rating with a $73.36 target price, 32.5% higher than Monday’s close.

See also:J.C. Penney’s surprise profit beat may not be profit or a beat

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