Target Corp. (NYSE:TGT) stock fell Friday after Bank of America restarted coverage with an Underperform call, signaling the retailer's turnaround may take longer — and cost more — than bulls expect.Bank of America Securities (BofA) reinstated coverage of Target on Friday with an Underperform rating and a $103 price forecast, implying roughly 10% downside from Thursday’s close of $114.79.Analyst Christopher Nardone pegs his target at 14 times 2026 earnings per share forecast of $7.35 — about 4% below Wall St ...

Target Corporation (NYSE:TGT) is included among the 13 Best Long-Term Dividend Stocks to Invest in Right Now. Bernstein Raises Target (TGT) Price Target Ahead of Key Strategy Update Under New CEO Ken Wolter / Shutterstock.com On February 26, Bernstein raised its price recommendation on Target Corporation (NYSE:TGT) to $91 from $80 and maintained an Underperform rating. The firm noted that Target is scheduled to report its Q4 results on March 3, followed by an Investor Meeting in Minneapolis. This will b ...

Walmart (NYSE:WMT) will pay a $100 million to settle a lawsuit that accuses the U.S. retailer of misleading its delivery drivers about their compensation, causing substantial income loss.The Federal Trade Commission (FTC) and 11 states lodged a case against Walmart, alleging the retailer misled its workers about their base pay, incentive pay, and possible tips. The FTC’s announcement indicated that the allegations specifically targeted Walmart’s Spark Delivery network, operational since 2021.The FTC also ac ...

Walmart Inc. agreed to pay $100 million Thursday to settle a lawsuit by the US Federal Trade Commission and a group of states alleging the company withheld tips and misrepresented wages to drivers who deliver orders as part of its Spark program.In a complaint filed in California federal court, the consumer protection agency said the company misled drivers about how it calculated their base pay, tips and special “incentive” earnings opportunities. The company also didn’t tell customers that tips wouldn’t be ...

NEW YORK (AP) — Walmart Inc. (WMT) has agreed to pay $100 million to settle allegations from the U.S. Federal Trade Commission that the retailer caused delivery drivers to lose tens of millions of dollars’ worth of earnings, by deceiving them about the base pay, incentive pay and tips they could make, the commission said ‌in a ​statement ​on Thursday. Joined by 11 states — Arizona, California, Colorado, Illinois, Michigan, North Carolina, Oklahoma, Pennsylvania, South Carolina, Utah and Wisconsin — the F ...

Walmart has agreed to pay $100 million to settle a lawsuit from the Federal Trade Commission (FTC) over deceptive pay practices within its Spark Driver service, which uses gig workers to deliver online orders from local stores to customers. The retailer was accused of misleading drivers about their potential base pay and tip amounts, and then deceived customers by saying that 100% of tips went to the drivers, when they did not.In its original complaint, the FTC was joined by Arizona, California, Colorado, I ...

Target, which has almost 2,000 stores nationwide, has faced weak retail sales amid economic pressures, and recent controversies have further strained its reputation. To tackle these hurdles, the company is betting big on a key in-store expansion to re-engage shoppers. In the third quarter of 2025, Target’s comparable store sales dropped by 3.8% year over year, according to its latest earnings report. Additionally, Placer.ai data showed that foot traffic at Target stores declined by 2.7% during the quarter ...

Walmart has introduced a new data insights platform for its retail suppliers.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Scintilla In-Store is an off-shoot of the company’s Scintilla platform, and is designed t ...

Core Insights - Walmart Inc. (NASDAQ:WMT) has seen its shares increase by 29% over the past year and 9% year-to-date, reflecting strong market performance [1] - The company reported fiscal second-quarter earnings of $190.66 billion in revenue and $0.74 in earnings per share, surpassing analyst expectations of $190.43 billion and $0.73 respectively [1] - Analysts have raised Walmart's share price target, with Rothschild Redburn increasing it to $150 from $110, maintaining a Buy rating, citing digital initiatives and AI as growth drivers [1] - Jim Cramer praised Walmart's recent quarter, highlighting significant increases in advertising and membership fees, which contributed to a premium price-to-earnings multiple [2] Financial Performance - Walmart's fiscal second-quarter revenue was $190.66 billion, exceeding expectations [1] - Earnings per share for the quarter were $0.74, also above analyst estimates [1] Analyst Ratings - Rothschild Redburn raised Walmart's price target to $150, maintaining a Buy rating [1] - Telsey reiterated a Buy rating with a price target of $135 [1] Market Position - Walmart is effectively competing with Amazon in the eCommerce sector, leveraging its ability to keep prices lower for consumers [1] - Cramer expressed concerns about potential earnings misses, indicating the high stakes involved in Walmart's performance [1]

Core Insights - Michael Fiddelke has succeeded Brian Cornell as Target's new CEO, bringing over 20 years of experience with the retailer [1] - Target's stock has declined nearly 40% over the past five years due to slowing sales growth, declining margins, and politically driven boycotts [1] Group 1: Company Performance - Target remains one of the largest retailers in the U.S. with 1,989 stores, serving over three-quarters of the U.S. population within ten miles of a location [2] - Comparable store sales surged 19.3% in fiscal 2020 due to pandemic-related online marketplace growth, but have since declined, with a 3.7% drop in fiscal 2023 and only a 0.1% increase in fiscal 2024 [3] - Year-over-year comparable sales fell in the first three quarters of fiscal 2025, with expectations of a "low-single digit" decline for the full year [3] Group 2: Challenges Faced - The slowdown in sales can be attributed to inflationary pressures on consumer spending, intense competition, sluggish sales of larger products, supply chain disruptions, and an increasing "shrink rate" due to shoplifting [4] - Target has faced boycotts from various groups over its diversity initiatives, LGBTQ-themed merchandise, and responses to recent ICE raids [4] Group 3: Strategic Initiatives - To combat these challenges, Target has relied on margin-crushing markdowns, resulting in a meager 0.6% CAGR in EPS from fiscal 2020 to fiscal 2024, with an anticipated 11% decline in fiscal 2025 [5] - A new 5-year plan initiated by Brian Cornell aims to generate at least $15 billion in fresh sales growth by 2030, focusing on expanding e-commerce, upgrading AI tools, reimagining product categories, enhancing Circle 360 subscriber perks, and opening new stores [6]