Target Corporation (NYSE:TGT) and Ross Stores, Inc. (NYSE:ROST) should post better revenues for the second quarter as consumers continue spending despite macro uncertainties, according to analysts from Tesley Advisory Group. Analyst Joseph Feldman expects Target’s second-quarter revenue to improve 2% from a year ago to $25.3 billion when it reports earnings on Wednesday before the market opens. His forecast exceeds FactSet revenue consensus of $25.2 billion. “Broadly, we believe consumers are showing resiliency as they continue to search for value and focus on essentials, while selectively spending on discretionary items and responding to innovation and newness,” Feldman wrote in a note on Target, commenting on shoppers in general. Target continues to focus on its value-offering by cutting prices while offering private brands in new stores, …
Target, Ross Stores Expected To Post Higher Revenues As Consumers Stay Resilient: Analysts
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