Analyst Lowers Target Q1 Forecast Amid Spending Slump, Rising Consumer Tariffs

1. Telsey Advisory lowered Target's price forecast from $145 to $130. 2. Analyst cites weaker consumer spending and rising promotion-related costs. 3. 2025 sales expected to decrease to $24.3 billion, 1.5% drop in comparable sales. 4. Target shifting sourcing from China, aiming for 25% reliance by 2026. 5. Concerns over EPS estimates reflect broader consumer demand challenges.