In a report released this morning, Goldman Sachs said that for Target Corporation TGT, it sees downside risk due to four factors.
“1) 1,6% was at low end of 1-3% plan;” Goldman Sachs writes. “2) discretionary and margin rich categories like apparel and home softened in Q3; 3) consensus estimate for 3Q remained flat at $0.68 since 2Q; and 4) comparisons become more difficult in 4Q.”
Goldman Sachs said that its 3Q EPS estimate of $0.67 remains a penny below consensus.
Target closed Friday at $54.19.
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