Target Corp

NYSE:TGTUnited States

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• DJ Target Price Cuts Could Help Keep Shoppers From Pivoting To Walmart -- Market Talk, from 29 minutes ago by Dow Jones

  29 minutes ago by Dow Jones
  Companies Mentioned: TGT, WMT
  
  0815 ET - Target will lower prices on 5,000 frequently shopped items, a move that may keep consumers from spending at other retailers with value offerings such as Walmart. Target says it's cutting prices on items ranging from milk, meat, fresh fruit and vegetables, snacks, pet food and more. The move comes as Walmart's latest results last week showed rising sales as shoppers kept spending on inexpensive everyday necessities, while also gaining market share with higher-income households particularly in the grocery category. Walmart CFO John David Rainey told WSJ the company is benefiting from an economic environment where people are looking for value. (denny.jacob@wsj.com; @pennedbyden)
  

• Deutsche Bank Raises Price Target on Target to $209 From $206, from 55 minutes ago by MT Newswires

  55 minutes ago by MT Newswires
  Companies Mentioned: TGT
  07:48 AM EDT, 05/20/2024 (MT Newswires) -- Target (TGT) has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from $136 to $220. (MT Newswires covers equity, commodity and economic research f...

• DJ Target's Price Cuts Touch Key Household Items -- Market Talk, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: TGT
  
  0740 ET - Target's planned price cuts on frequently shopped items directly touch many goods that have cost more due to prolonged inflation. The retailer says lower prices will be seen on items ranging from milk, meat, fresh fruit and vegetables, snacks, pet food and more. The latest CPI data shows the price of chicken rising 0.7% and beef and veal climbing 7% in April over the past year. But, pets and pet products declined 0.5%, and snacks fell 1.3% in April over the past year. Target says it will lower prices on about 5,000 frequently shopped items and has just reduced prices on about 1,500 items, with thousands more price cuts planned to take place over the summer months. (denny.jacob@wsj.com; @pennedbyden)
  

• Target to Lower Prices of 5,000 Frequently Shopped Items, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: TGT
  07:12 AM EDT, 05/20/2024 (MT Newswires) -- Target (TGT) said Monday that it will lower regular prices of about 5,000 frequently shopped, everyday items at its stores over the summer. The items include food, beverages, and household essentials, Targ...

• DJ Target to Lower Prices on 5,000 Frequently Shopped Items, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: TGT
  By Denny Jacob Target said it will lower prices on about 5,000 frequently shopped items, with the lower prices reflected on items including milk, meat, bread, fresh fruit and vegetables, and pet food, among others. The retailer said it reduced prices on about 1,500 items, with the remaining portion planned to take place over the course of the summer. Target's price reductions come ahead of Memorial Day weekend and other key points in the summer when consumers tend to spend more including July 4th and the back-to-school season. The company said its lower prices are in addition to separate Memorial Day discounts. Consumers have been dealing with sticky levels of inflation, though recent data indicated it's begun to ease further. The consumer-price index, a gauge for goods and service costs across the U.S. economy, rose 3.4% in April from a year ago, the Labor Department said last week. Core prices that exclude volatile food and energy items climbed 3.6% annually, the lowest increase since April 2021. Write to Denny Jacob at denny.jacob@wsj.com (END) Dow Jones Newswires May 20, 2024 06:33 ET (10:33 GMT)