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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting cautious optimism within the U.S. retail sector, Jefferies has raised its Q2 comparable sales estimate for Target to 1.6% from 1.5%. The firm now forecasts Target's earnings per share at approximately $2.18, surpassing previous retailer guidance. According to reports, this upward revision is driven by a successful merchandising reset and the introduction of new brands that have effectively increased shopper traffic.
This positive outlook emerges as retail giants like Walmart navigate shifting consumer spending patterns. Per market data, the improvement in Target's foot traffic highlights the success of strategic collaborations, such as the expansion of Ulta Beauty shop-in-shops, which industry analysts note have bolstered margins in recent quarters. The revision suggests Target is gaining momentum ahead of its official earnings release.
Regarding market performance, TGT shares stood at $134.00 at the close on July 14, 2026, after reaching a session high of $136.34. Traders should monitor the upcoming earnings announcement for confirmation of these traffic trends, while also considering the broader economic context following the Fed's Monetary Policy Report released on July 10, 2026.